Ausenco wins Karara Mining contract

Ausenco has been awarded an engineering and project support services contract at the Karara iron ore operations in the Mid West.

Ausenco will work with Karara Mining, a joint venture between Gindalbie Metals and Chinese steelmaker AnSteel, to optimise the operation of the project's existing assets.

"We have delivered some significant savings to clients in the asset optimisation service areas as clients seek greater productivity and lower operating costs from their assets," Ausenco chief executive Zimi Meka said.

"We have a strong working relationship with Karara and extensive knowledge of the operation following our success in providing innovative early phase solutions over the past year."

Ausenco shares plunged to an all-time low earlier this month after the company joined the ranks of mining services providers to announce a major profit downgrade.

Its shares closed the day's trade half a cent higher at 64.5 cents.