ASX Announcement - LogiCamms Limited is pleased to advise that it has been awarded two design contracts with a combined value of $8.3m as the initial phase for the upgrade of significant electrical infrastructure at Rio Tinto's iron ore port assets in Western Australia.
These design contracts represent the initial phase of a broader upgrade project. This initial phase includes electrical and control system engineering design to upgrade low voltage substations and associated facilities at Rio Tinto's East Intercourse Island and Cape Lambert sites. The remaining phases of the project are expected to include associated electrical construction, and operational readiness activities at these sites. While the additional scope of work is within LogiCamms' existing capabilities these contracts are yet to be awarded.
Delivery of the 18 month program for the design & construction works at each site will be through a dedicated project team, with work on the project commencing immediately.
Steve Banning, LogiCamms' Managing Director, said the award of this significant port infrastructure project showed confidence in the Company's highly experienced team, excellent track record and a strengthening relationship with Rio Tinto.
"LogiCamms has over 20 years of experience in the iron ore industry, including with many Rio Tinto sites, and has completed in excess of 140 electrical substation projects. The Company also has extensive mine-to-port experience and expertise in brownfield project delivery to draw on, as well as an excellent health and safety record well below industry benchmarks.
"Rio Tinto has recognised LogiCamms' ability to achieve their objectives on this project and we look forward to successfully delivering the project" Mr Banning said.
This award compliments the encouraging increase in contracts awarded to LogiCamms in recent months. These contracts will help underpin financial performance for 2012.
