CIMIC’s Sedgman enters agreement for Blackwater Gold project

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Leading provider of integrated minerals processing solutions Sedgman has entered into a $16m interim services agreement (ISA) with Artemis Gold Inc for works at the Blackwater Gold project in British Columbia, Canada.

According to the official announcement, the agreement entails the commencement of detailed design and procurement of long lead equipment for the process plant over a period of two months.

The interim services agreement comes before the project’s engineering, procurement, and construction (EPC) contract for the processing plant and associated infrastructure is finalized.

Sedgman expects to earn $312 million over the next two years from the EPC contract, which is slated to be completed by mid-2022.

“The interim services agreement enables Sedgman and Artemis to commence design and procurement work for long lead equipment and materials and refine the scope of the EPC contract. We look forward to helping Artemis unlock the value of its Blackwater project,” said CIMIC Group Chief Executive Officer Juan Santamaria.

“We are pleased to be working with Artemis as it progresses its Blackwater project towards its first gold pour in 2024 and delivers benefits for the region’s economy,” added Sedgman Managing Director Grant Fraser.

Image credit: https://www.cimic.com.au/en/news-and-media/latest-news/sedgman/2022/cimics-sedgman-enters-agreement-for-canadian-gold-project