from the business spectator
Mining services company WorleyParsons Ltd says its revenue from a Saudi Arabian phosphate project has almost doubled because the development of the mine and associated facilities will take longer than expected.
The company's contract revenue for Saudi Arabian miner Ma'aden's phosphate project would rise to $US117 million ($A166.03 million) from $US67 million ($A95.08 million), the Sydney-based WorleyParsons said in a statement on Thursday.
WorleyParsons gets half of the contract revenue through its 50 per cent stake in the contractor WorleyParson Arabia.
Ma'aden increased the total contract revenue to $US234 million ($A332.06 million) from $US133 million ($A188.73 million).
from the business spectatorMining services company WorleyParsons...
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