RA International completes contract discussions with Danakali
Remote site services provider RA International has concluded contract discussions with Danakali Limited for the construction of camp accommodation for 1,200 personnel, administration and service facilities, as well as the provision of integrated facilities management services, it announced on Wednesday.
The AIM-traded firm said the accommodation and services would support the Colluli Mining Share Company (CMSC) development in the east African country of Eritrea.
It said the key commercial terms would be released when all approvals were obtained, which include the CMSC board and related government departments in Eritrea.
Construction works would be phased, with the first of three phases beginning “imminently” on receiving the necessary approvals, and subsequent phases starting as CMSC funding became available.
Construction activities were expected to be completed within a year, with the operating contract commencing immediately post-construction.
“Since our appointment as preferred contractor was confirmed last year, we have continued to work closely with Danakali and its partners as they have developed their plans and we look forward to commencing our work with them on this globally significant project,” said chief executive officer Soraya Narfeldt.
“The updated scope of work and terms of the contract concluded underscores a cooperative and relationship driven approach.
“We continue to be very encouraged by our business development activity and look forward to building on our recent momentum.”
At 1418 BST, shares in RA International Group were up 1.55% at 57.38p.