Keller Gets Pact Worth GBP30 Million By Vale
February 20 2012 - 2:43AM
Dow Jones News
Keller Group PLC (KLR.LN), an international ground engineering
specialist, said Monday its Malaysian subsidiary Keller (M) Sdn.
Bhd. has been awarded a contract worth GBP30 million by Vale S.A.
(VALE), the Brazilian mining company, to build the foundations for
a major iron ore distribution facility in Lumut.
MAIN FACTS:
-New facility will be able to receive Valemax vessels--dry bulk
carriers--and will have an annual throughput capacity of 60 million
tons when operations start in 2014, eventually handling up to 200
million tons annually.
-Work is expected to start in March and be completed in the
second quarter of next year.
-Shares closed Friday at 429 pence valuing the company at
GBP275.94 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com
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