Ausenco: Services Terminated On Rio Tinto's Corumba Project

Australian mining engineering firm Ausenco Ltd. (AAX.AU) said Monday that it expects a 3% fall in its 2009 projected revenue after Rio Tinto Ltd. (RIO.AU) postponed expansion of its Corumba iron ore project in Brazil.

Ausenco said in a statement its services on the project, representing 6% of its projected revenue this year and 7% in 2010, has been terminated after Rio Tinto's decision.

The firm estimates the net impact on revenue this year will be less than 3%, when offset by two contract wins in December for Bemax Resources Ltd. (BMX.AU) and Uranium One.

-By Bill Lindsay, Dow Jones Newswires; 61-2-8235-2956; bill.lindsay@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.

Ausenco (ASX:AAX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024