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An artist's impression of the processing facility at Heron's Woodlawn zinc-copper project south of Sydney.

Cimic wins $107m Heron contract

Heron Resources has awarded CIMIC Group subsidiary Sedgman a $107 million engineering, procurement and construction contract for a processing facility at its Woodlawn zinc-copper project south of Sydney.

Sedgman will build a 1.5 million tonnes per annum mineral processing plant at the $151.6 million Woodlawn project under the contract, which comes with cost under-run and performance incentives to promote early completion and an under-budget result.

“This contract award follows the successful undertaking of a front-end engineering design program that included a value engineering approach incorporating significant improvements on the earlier feasibility study work,” Heron managing director Wayne Taylor said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
99thEast Energy Resources76%-44%
396thOrion Minerals-6%-41%
452ndNewfield Resources-16%4%
585thCoal of Africa-38%-35%
676thHeron Resources-52%-11%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/03/16
$32k Bought
06/01/16
$10k Bought
31/12/15
$4k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

121st↑Heron Resources$1.3m
140th↑Orion Minerals$745k
141st↑East Energy Resources$740k
143rd↑Newfield Resources$696k
144th↓Coal of Africa$694k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

199thWayne Taylor$590k
373rdCharlie Kempson$377k
632ndSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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