GR Engineering wins $24.5m contract

GR Engineering Services has signed a $24.5 million contract with Saracen Mineral Holdings to upgrade the processing plant at the Carosue Dam gold mine in Western Australia.

The site is located approximately 120 kilometres north east of Kalgoorlie.

Under the contract, GR Engineering will install secondary grinding equipment for the existing processing plant to increase throughput to a nominal 3.2 million tonnes per annum, as well as upgrade other process infrastructure.

GR Engineering managing director Geoff Jones said the company is pleased to be working with Saracen again to improve the site’s processing facilities.

“Having been involved in the initial development of Carosue Dam in 2000, our team has maintained a strong relationship with Saracen and utilised its understanding of the project to deliver incremental benefits to the project,” Mr Jones said.

“GR Engineering looks forward to achieving positive outcomes for Saracen through the safe and successful delivery of these expansion works.”

Works on the upgrade will start immediately, with completion expected to be in the first half of 2021.

Shares in GR Engineering Services are trading at 75 cents per share as at 11:05am AEDT – its lowest share price since June.