It is reported that Mining service providers WorleyParsons and Ausenco have won a joint contract to manage delivery of a USD 7.5 billion coal project in Queensland.

WorleyParsons and Ausenco will provide program management services to Hancock Coal Alpha thermal coal project in Queensland's Galilee Basin.

The companies said total joint venture revenue under the contract was expected to be about USD 285 million over four years and would employ up to 250 staff.

A final bankable feasibility study for the project is due for completion in the first quarter of 2011.

Mr John Grill WorleyParsons chief executive said the award would allow his company to work with Ausenco to develop a world scale pit to port project.

Mr Zimi Meka CEO of Ausenco said the project was a significant development for Queensland.

(Sourced from www.smh.com.au)