The contracts cover superintending and associated services for three years to December 2008.

 

CCI said the contract pricing was based on the traditional per-tonne structure and was a fixed rate for the term of the contracts.

 

“CCI believes the new pricing reflects satisfactory increases over past levels which had been established in different market conditions,” the company said.

 

CCI’s relationship with BHP/BMA spans more than 20 years. CCI Holdings was listed on the Australian Stock Exchange in 1991 and has experienced rapid growth with revenue increasing sevenfold in 10 years.

 

CCI Holdings was trading at A18c this morning.