St Barbara Limited

Published : July 28th, 2016

Pacific Energy Secures New Eight Year Contract with St Barbara Ltd

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Keywords :   Australia | Gold | Gold Mine |

Pacific Energy Secures New Eight Year Contract with St Barbara Ltd

28 July 2016

PACIFIC ENERGY SECURES NEW EIGHT YEAR CONTRACT WITH ST BARBARA LTD

Highlights

  • Pacific Energy wins contract extension at St Barbara's Gwalia gold mine for existing 16MW power station

  • Contract term of 8 years

  • Upgrade works to be undertaken to achieve targeted efficiency gains

Power generation specialist Pacific Energy Limited (ASX: PEA) is pleased to announce that its wholly- owned subsidiary, Kalgoorlie Power Systems ('KPS'), has secured a new contract with St Barbara Ltd (ASX: SBM; "St Barbara").

KPS has been generating electricity for St Barbara under contract since 2008 and has been in discussions about a new contract following a formal tender process that was recently conducted. The new contract awarded to KPS commences on 1 August 2016 and has a term of eight years.

With the new contract tenure in hand, KPS will be investing in certain upgrade works to the existing power station, which will deliver targeted efficiency gains for St Barbara and lower fuel consumption costs.

Commenting on the award, Pacific Energy's Managing Director, James Cullen said "This is an important contract for KPS to secure. We have been working with St Barbara since 2008 and have a good understanding of their operations and requirements. Working together we have identified where efficiency improvements can be realised and we look forward to getting the required work underway immediately."

End

About Pacific Energy

Pacific Energy is an ASX listed (ASX: PEA) power generation project developer and owner.

Headquartered in Perth, Western Australia, Pacific Energy is focused on the development, ownership and maintenance of mine site and renewable energy power stations.

Kalgoorlie Power Systems, a wholly owned subsidiary of Pacific Energy Limited, is a leading provider of power generation infrastructure to the mining and resources sector in Australia. The business operates a build, own, maintain execution model with 233MW of contracted capacity at 18 mine site locations across Australia.

Pacific Energy Hydro, a wholly owned subsidiary of Pacific Energy Limited, owns and operates 6MW of hydro power generation capacity located approximately 70 kilometres east of Melbourne, Victoria. The company's hydro assets commenced operation in 1992 and comprise two separate power stations located at the Cardinia Reservoir and Blue Rock Dam.

2

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St Barbara Limited

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CODE : SBM.AX
ISIN : AU000000SBM8
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St Barbara is a gold producing company based in Australia.

St Barbara holds various exploration projects in Australia.

Its main assets in production are GWALIA DEEPS (SONS OF GWALIA), SOUTHERN CROSS - MARVEL LOCH, SOUTHERN CROSS - YILGARN STAR, SOUTHERN CROSS - OTHER, SOUTHERN CROSS - TOTAL AREA, SOUTHERN CROSS - HERCULES, MEEKATHARRA MINE and CORINTHIA MINE in Australia, its main asset in development is LEONORA - TARMOOLA in Australia and its main exploration properties are SOUTHERN CROSS - NEVORIA, GWALIA INT & WEST LODE, LEONORA - OTHER, SOUTHERN CROSS - TRANSVAAL, SOUTHERN CROSS - JACCOLETTI, LEONORA - TOWER HILL, MARVEL LOCH, SOUTHERN CROSS - BULLFINCH and WALLAL in Australia.

St Barbara is listed in Australia. Its market capitalisation is AU$ 678.9 millions as of today (US$ 487.2 millions, € 431.5 millions).

Its stock quote reached its lowest recent point on December 05, 2014 at AU$ 0.07, and its highest recent level on February 22, 2019 at AU$ 5.32.

St Barbara has 497 329 984 shares outstanding.

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Corporate Presentations of St Barbara Limited
8/1/2016Presentation to Diggers and Dealers Mining Forum
Financials of St Barbara Limited
7/20/2016Presentation on Q4 June 2016 Quarter and audio webcast
7/19/2016Quarterly Report Q4 June 2016
7/18/2016St Barbara buys back US$40 million of Senior Secured Notes
4/19/2016Quarterly Report Q3 March 2016
2/23/2016=e2?? December 2015 Half Year Financial Report and
Project news of St Barbara Limited
7/6/2016Production Update Q4 June 2016
2/21/2011(Gwalia Deeps (sons Of Gwalia))Tropical Cyclone Dianne temporarily interrupts Gwalia Operat...
Corporate news of St Barbara Limited
7/28/2016Pacific Energy Secures New Eight Year Contract with St Barba...
5/17/2016Presentation to Melbourne Mining Club
4/20/2016Presentation on Q3 March 2016 Quarter and audio webcast
1/20/2016Interim Dividend Announcement - 20 January 2016
1/7/2016Production Update Q2 December 2015
11/27/2015New Constitution adopted at Annual General Meeting
10/21/2015Sept 2015 Quarterly
10/19/2015Appendix 4G and 2015 Corporate Governance Statement
10/19/2015Proposed Constitution to be considered at the Annual General...
10/15/2015Sale of King of the Hills Project completed
10/5/2015Strong gold production and cash generation in Q1 Sep 2015
9/28/2015St Barbara buys back US$10 million of Senior Secured Notes
9/20/2015St Barbara added to S&P/ASX 300 Index
8/28/2015Securities Dealing Policy (revised)
8/25/201530 June 2015 Financial Report and Appendix 4E
8/25/201530 June 2015 Ore Reserves and Mineral Resources Statements
7/21/2015Quarterly Report Q4 June 2015
6/25/2015Transition to new Chairman
6/18/2015Moody’s rating review – outlook changed from negative to sta...
4/27/2015Presentation on March 2015 Quarterly Report and webcast
4/27/2015Quarterly Report March 2015
4/8/2015Record gold production in March 2015 quarter
3/5/2015Fatality at Simberi Operations, PNG
2/24/2015Presentation on December 2014 Half Year Financial Report
2/24/2015December 2014 Half Year Financial Report
12/16/2014Gold Ridge Community Alert – Tailings Storage Facility
10/16/20142014 Annual Report and Notice of Annual General Meeting
3/28/2014Change of Company Secretary
2/26/2014December 2013 Half Year Financial Report briefing and webcas...
4/29/2013to de-register from US SEC reporting obligations
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