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Decmil gains ground on BMA coal mine win
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Monday, 06 Feb 2012
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Shares in Decmil Group gained ground after the engineering and construction firm won a $90 million contract for work at BHP Billiton Mitsubishi Alliance's Caval Ridge coal mine in Queensland.

Decmil shares were up eight cents, or 3.28% at $2.52 at 1323 AEDT compared to losses in the broader market of almost 0.2 per cent.

The contract is for the construction and installation of infrastructure and accommodation facilities at the mine near Moranbah.

Decmil n a statement said that work is scheduled to start in April.

Decmil moved into the Queensland market 12 months ago and this is the second significant contract in the state for the company.

The company said it now had about USD 500 million worth of secured work.

(Sourced from AAP)

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