AGC Awarded AU$100 million contract

23 November 2009

AusGroup Limited today announced the award of a AU$100 million contract by BHP Billiton Iron Ore.

AusGroup’s Australian subsidiary, AGC Industries Pty Ltd ('AGC'), was awarded the contract for the structural, mechanical, piping and heavy haulage of the Rapid Growth Project 5 at the company’s Yandi operation.

The scope of work includes construction of an Ore Handling Plant, stockpile and conveyor systems; fabrication of 2,000 tonnes of conveyor components; and transportation of 43 structural modules - ranging from 100 to 300 tonnes - from Port Hedland to the Yandi mine site, located 140km northwest of Newman in Western Australia’s Pilbara region.

Mobilisation to site will begin in February 2010.

AusGroup’s Managing Director John Sheridan said “We are delighted to secure this contract, on such an important project.  We are looking forward to delivering this project to the complete satisfaction of our client.”

With this contract, the Group’s order book is AU$500 million.