Genesis Minerals Hires GR Engineering Services For Engineering, Procurement, Construction Services in Western Australia Project

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Genesis Minerals (ASX:GMD) engaged GR Engineering Services (ASX:GNG) as the preferred contractor for the engineering, procurement, and construction contract for the mill at its Tower Hill gold project in Western Australia, according to a Monday Australian bourse filing.

The scope of work includes the design, procurement, construction, installation, and commissioning of an around 4 million tonnes-per-annum gold processing facility.

The estimated contract value is AU$225 million, and the contract is expected to be finalized in the March quarter, subject to the agreement of final terms and conditions.

Around AU$20 million of critical long-lead items will be ordered imminently, per a separate filing. The total anticipated capital cost is between AU$250 million and AU$280 million.

The shares of Genesis Minerals rose over 1% in recent trading on Monday, while those of GR Engineering fell 2%.

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The total anticipated capital cost is between AU$250 million and AU$280 million.</p><p>The shares of Genesis Minerals rose over 1% in recent trading on Monday, while those of GR Engineering fell 2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2613270716","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613270716","pubTimestamp":1771811576,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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