GR Engineering wins $57m contract

ASX-listed GR Engineering Services has secured work on Pantoro's gold project in Western Australia under a $57.2 million contract.

GR Engineering yesterday announced it had received a letter of intent from Pantoro to design and build a new processing plant at Pantoro’s 50 per cent-owned Norseman project, in the eastern Goldfields.

GR said it would begin ordering long lead items and start construction immediately.

Managing director Geoff Jones said the contract win enhanced GR’s reputation as a leading EPC contractor in the Australian gold sector.

GR shares closed up 1.2 per cent today to trade at $1.28.