Nov 5 2008
Ausmelt Limited (AET) has boosted the value of work in hand to more than $50 million by winning a new contract in Bulgaria.
The new contract, with Intertrust Holding BG, covers the addition of a second Ausmelt furnace as part of the lead smelter modernisation project that Ausmelt announced in November 2007. Intertrust is modernising and expanding its lead smelting operations at Kurdjali in Bulgaria using Ausmelt Technology. The second furnace will be used to process the lead smelter slag to meet stringent European environmental regulations.
Ausmelt?s Managing Director, Mr Paul Abbott, said today: ?We have a strong relationship with Intertrust and this has enabled us to expand our role in this major project.
?Ausmelt?s top submerged lance technology is recognised globally as offering metals producers superior environmental performance and economic advantages.
?Ausmelt Technology has been adopted for a number of recent lead smelter modernisation projects as lead producers face increasing economic and environmental pressures.
?This latest contract increases the value of work in hand to A$50 million. Together with other recently signed contracts, this underwrites the financial performance of the Company for the next two to three years.