Sedgman picks up second big US contract

THE BOURSE WHISPERER: Resources sector services company Sedgman (ASX:SDM) has scored a $12.4 million contract as Principal Contractor for a Relocatable Mineral Separation Plant (MSP) at Twin Pines Minerals New Jersey facility in the United States of America.

The contract follows on from an $18.5 million contract Sedgman announced in March 2015 for the design and supply of a Wet Concentration Plant to Twin Pines.

Sedgman will be responsible for the engineering design, procurement, fabrication and delivery of the MSP to site.

When complete the MSP facility will process heavy mineral concentrate produced by the Wet Concentration Plant.

The layout of the MSP will have provisions of further expanding the plant capacity beyond its nominal design capacity of 15 tonnes per hour.

“This latest contract is another great example of our Global Minerals strategy in action and clearly demonstrates how we build enduring relationships by providing value and technical excellence for our clients,” Sedgman chief executive officer and managing director Peter Watson said in the company’s announcement to the Australian Securities Exchange.

“We are honoured to have been chosen by TPM for this additional plant and we look forward to working with them on other opportunities in the future.”

Sedgman indicated it had commenced the detailed design process on the project and anticipates completion for May 2016.