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Equinox Minerals Limited (TSX:EQN)(ASX:EQN) (the "Corporation") is pleased to announce that the Corporation and the joint venture of Ausenco Limited ("Ausenco") and Bateman Engineering BV ("Bateman") have agreed and signed the final contract price for the Engineering, Procurement & Construction ("EPC") contract for the Lumwana Copper Project already under construction in the North Western province of Zambia.
Subsequent to the previously announced Guaranteed Maximum Price ("GMP") of US$417.4 million and following final definition of scope, optimisation of the process plant design, further detailed engineering, implementation and risk mitigation programs, the Corporation announces that the total final fixed-price EPC is US$407.6 million, inclusive of funds spent to date. The fixed-price EPC contract with Ausenco and Bateman includes the project capital cost, engineering, contingency, escalation, the EPC fee and represents the final contracted price.
Rich Martin: Over the next few segments of Do It Yourself, we will be examining new trends in the housing industry for 2007. Homebuilder George Amedore joins us today to talk about one of his projects. One of the first things I noticed about walking in your home is the open floor space. George Amedore: Yes, there is a lot of open floor space in this floor plan itself. The home features 4,100 square feet of living space. .
The Workers Compensation Board of Manitoba has announced it's cutting rates for construction firms that encourage a safe workplace. The Incentive Plan in Construction will cut WCB rates by five percent for firms that earn safety association accreditation through the Manitoba Heavy Construction Association, or the Consttruction Safety Association of Manitoba. The plan starts January 1st, and is open to over 5,500 construction firms. It will be funded by the construction firms through a small surcharge increase, which doesn't apply to other industries. CJOB's Brett Megarry reporting.
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