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Monday, November 21, 2011

Aecon unit to construct mill for Potash Corp, (TSE: ARE.TO)

Aecon Group Inc, Canada's largest publicly traded construction company, said its unit plans to construct a mill for Potash Corp at Saskatchewan.The project, which is valued at over C$250 million ($244 million) is expected to begin in early 2012 and will create about 800 jobs at the construction site, Aecon said in a statement.Aecon's Lockerbie and Hole Eastern unit, which constructs complex mine site equipment and systems, will install the interior of a new mill near Potash Corp's Rocanville facility.The project is scheduled for completion in the fall of 2013.

Aecon Group Inc. (Aecon) operates in the construction and infrastructure development industry. Shares of ARE remained unchanged at $10.23. In the past year, the shares have traded as low as $7.01 and as high as $12.79. On average, 105123 shares of ARE.TO exchange hands on a given day and today's volume is recorded at 0.



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