KGL Resources Awards Processing Plant Contract to CIMIC Member; Shares Down 3%
MT Newswires Live
Yesterday
KGL Resources (ASX:KGL) awarded the design, procurement and construction contract for the processing plant at its Jervois project in the Northern Territory to Sedgman, a member of the CIMIC construction group, according to a Thursday filing with the Australian bourse.
The processing plant is designed for throughput of 2 million tonnes per year, the filing said.
Shares fell 3% in morning trade Thursday.
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