AusGroup has announced it has been awarded a contract by Covalent Lithium for the Kwinana Lithium Refinery in Perth, Western Australia as part of the Mount Holland Lithium Project.
Covalent Lithium is a joint venture between subsidiaries of Australian-listed Wesfarmers and the New York Stock Exchange-listed Sociedad Química y Minera de Chile.
Per the contract, AusGroup will supply, fabricate and deliver 58 stainless steel and carbon steel tanks for the new refinery. The 12-month contract will commence in 1Q2022.
“The group’s local expertise and capacity coupled with a significant track record in safe and timely project delivery were key considerations in the contract award. This contract further cements our reputation as a trusted and leading local provider of multidisciplinary services to the Lithium sector and positions us well for future opportunities within this growing sector,” says AusGroup CEO and managing director Shane Kimpton.
“With our large fabrication facility situated under 4kms from the refinery site within the Kwinana Strategic Industrial Area, AusGroup is ideally positioned to deliver the project’s construction schedule and provide a seamless and efficient delivery model,” he adds.
AusGroup anticipates it will need to recruit up to an additional 100 people to facilitate the delivery of the contract and remain committed to providing local jobs, skills, and training opportunities for the West Australian workforce.
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As at 4.03pm, shares in AusGroup are up 0.1 cents or 4.35% higher at 2.4 cents.
