DRM GNG

News: GR Engineering scores $30M contract

  1. FNN News
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    07/01/13
    08:05
    Post #: 11256114
    .


    Perth based GR Engineering Services Limited (ASX:GNG) has secured a $30.3 million contract with gold explorer Doray Minerals Limited (ASX:DRM) to design and construct the Andy Well gold project in Western Australia.



    The engineering, consulting and contracting company worked with Doray on the bankable feasibility study for the project and says work is already underway.



    Gold production at Andy Well is expected to commence in mid this year.

     


    In the 2012 financial year, GR Engineering Services reported a net profit of $13.1 million.

    GNG Price at posting: 86.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS How to handle a financial crisis and turn setbacks into setups
right-arrow Created with Sketch.
MEM Memphasys secures transformational A$325K initial order with exclusive Middle East partnership
right-arrow Created with Sketch.
NEWS New targets and high-grade intercepts drive Bullabulling drill expansion
right-arrow Created with Sketch.
NEWS Outstanding thick high-grade gold revealed in first Greenewood assays
right-arrow Created with Sketch.
AII Why Almonty Industries is THE tungsten mining stock to watch
right-arrow Created with Sketch.
LM1 High-grade targets in focus as drilling begins at Evanston
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.