Aus Group

Aus Group: Awarded a A$22m contract to construct a low grade pilot plant for Rio Tinto in the Pilbara region, Western Australia. Co will cover the design, installation, construction and commissioning of the low grade iron ore pilot plant which is scheduled to commence production in Feb 2012. Co has a current order book of A$330m with this contract. Aus Group has current P/E of 9.2x