10 Mar 2016 12:11
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Fri, 18th Dec 2015 07:44
(ShareCast News) - Amec Foster Wheeler underpinned its South African operations on Friday, and extended its relationship with miner Petra Diamonds, with the announcement of a new partnership in the country.The FTSE 250-listed company confirmed the award of an Engineering Procurement and Construction Contract for Petra's Cullinan Mill Extension Project, near one of South Africa's capital cities - Pretoria.Amec Foster Wheeler said the contract was valued at ZAR1.4bn (£61.71m), and followed the successful front end engineering and design work for the project.It will see the group provide design, procurement and construction services for the mine's six million ton per annum milling, dense media separation and sorting process facilities.The contract will be executed by Amec Foster Wheeler's South African mining subsidiary, MDM Engineering."We have a wealth of experience in the South African diamond industry and are pleased to use it to not onlt take the prestigious Cullinan Project to the next important phase of development, but also to further our partnership with Petra Diamonds", said Amec Foster Wheeler's Roberto Penno.
More News
10 Mar 2016 09:16
Amec swings to loss in 2015 but outlook welcomed
(ShareCast News) - Amec Foster Wheeler said it swung to a loss in 2015 but shares in the oil and gas engineer rose sharply as investors welcomed the company's debt line and outlook. The group posted a pre-tax loss of £235m compared with a profit of £155m in 2014 amid challenging conditions in the oi
Read more4 Mar 2016 12:03
Amec Foster Wheeler surges on US Air Force contract win
(ShareCast News) - Shares in Amec Foster Wheeler surged on Friday after the oilfield services firm said it has secured a seven-year contract with the US Air Force. The FTSE 250 company said it has been awarded prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Enginee
Read more3 Mar 2016 16:24
3 Mar 2016 10:41
Amec Foster secures £125m contract with BP
(ShareCast News) - Engineering services company Amec Foster Wheeler has secured a one-year engineering, procurement and construction contract with BP worth £125m. The contract is to build a new refrigeration plant that will maintain efficient operations across BP's Forties pipeline system. It cover
Read more2 Mar 2016 08:33
Amec Foster Wheeler completes debt refinancing
(ShareCast News) - Amec Foster Wheeler has completed a £1.7bn refinancing of its main debt facilities. The engineering services company said the new facility with a syndicate of 20 banks includes a three year £650m term loan, a five-year £650m term loan and a five-year £400m revolving credit facilit
Read more23 Feb 2016 06:59
Amec Foster Wheeler wins US defence construction contract
(ShareCast News) - Amec Foster Wheeler has won a $183m contract from the US Army Corp of Engineers (ASACE) to help build at the Aegis missile site in Poland. The FTSE 250 company will provide USACE with launcher foundations, apron and crane pads, power plant facilities, warehouses and affiliated
Read more