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Ausenco secures $66 million operations contract renewal at Isaac Plains
Ausenco Limited (ASX: AAX) has been awarded a $66 million Optimise phase contract to continue providing operation and maintenance services to the coal handling and preparation plant (CHPP) at the Isaac Plains Coal Mine until the end of December 2016.
Ausenco has been responsible for the complete operations and maintenance of the CHPP for the past five years, during which time the plant has been lost time injury free.
Ausenco CEO Zimi Meka said the contract renewal reflected Ausenco’s high level of service, strong safety track record and the continuous improvement initiatives implemented which enabled the plant to regularly exceed nameplate capacity.
“This contract provides an important source of recurring revenue and will allow us to further grow our asset optimisation and management services, which is a strategic priority for the business,” Mr Meka said. Isaac Plains is owned and operated by a 50:50 joint venture between Ocean Coal Mining Pty Ltd and Vale Australia and is located approximately seven kilometres south east of Moranbah in the Bowen Basin in Central Queensland. The CHPP processes approximately 3.6 Mtpa of raw coal.