Business Spectator

AUSTRALIAN ENGINEERING and project management company Ausenco Ltd has secured a three-year contract to manage a portfolio of projects at Newcrest Mining Ltd’s Lihir gold operation in Papua New Guinea.

In a statement to the Australian Securities Exchange, Ausenco said that, under the deal, it will provide project delivery services to support capital projects, working closely with the Newcrest team.

Ausenco chief executive officer Zimi Meka said the contract involves Ausenco delivering services across a number of phases of the project.

Newcrest’s Lihir operation is located on Niolam Island in New Ireland Province and is one of the largest gold deposits in the world, having produced more than nine million ounces of gold since operations commenced in 1997.