Fluor Corporation (NYSE: FLR) today announced that it has been
contracted to provide maintenance services at Olympic Dam Operations
with its joint venture partners Monadelphous Engineering Associates Pty.
Ltd. and Broadspectrum Australia Pty. Ltd.
Olympic Dam, a business unit of WMC Resources, is a large-scale mining
and refining operation located in South Australia at one of the world's
largest copper and uranium resources. The contract value to Fluor was
not disclosed and was booked in the company's second quarter. The
three-year contract includes a three-year extension option.
The Monadelphous Broadspectrum Fluor joint venture will provide
maintenance services support at Olympic Dam, including planning,
execution and supervision of maintenance work orders and management of
contracted services.
"WMC at Olympic Dam Operations expects that the joint venture will
participate in and, where necessary, lead the way in the application of
continuous improvement, particularly in the areas of health,
environment, safety and community as well as maintenance practices. We
are also looking forward to being able to tap into the joint venture's
knowledge and experience network. There are opportunities for the joint
venture to share experiences from their colleagues on other operating
sites with us at Olympic Dam and to share some of their experiences here
with other sites," said Brett McLeod, WMC's manager, engineering,
Olympic Dam Operations.
"This is an important award for Fluor and our Australian operations &
maintenance group," said Kirk Grimes, Fluor's group president of Global
Services. "We look forward to implementing this innovative
pay-for-performance contract designed to bring value to WMC's bottom
line and help drive cultural change onsite."
Olympic Dam is located in Roxby Downs, South Australia, and produces
high quality refined copper, uranium oxide, gold and silver. The mine
has the sixth largest known copper and the largest uranium ore body in
the world.
The massive ore body was discovered by WMC in 1975 and went into
production in 1988. The operation now comprises a fully integrated
underground mine and above-ground metallurgical complex.
Mondadelphous Engineering Pty. Ltd. is a subsidiary company of the
Monadelphous Group, a leading Australian engineering, construction,
maintenance and industrial services company. For more information, visit www.monadel.com.au.
Broadspectrum Australia Pty. Ltd., established in 1992, is a leader in
electrical, instrumentation and mechanical services (including provision
of calibration workshops complete with calibration and test equipment)
to a diverse range of industries, including mining, oil and gas, power
and energy, automotive and manufacturing markets around the world. For
more information, visit www.broadspectrum.com.au.
Fluor provides services on a global basis in the fields of engineering,
procurement, construction, operations, maintenance and project
management. Headquartered in Aliso Viejo, Calif., Fluor is a FORTUNE 500
company with revenues of nearly $9 billion in 2003. For more
information, visit www.fluor.com.
For further information, please contact: Media Relations, Jerry
Holloway, +1-949-349-7411, or Leann Vandergrift, +1-949-349-7420, or
Investor Relations, Lila Churney, +1-949-949-3909, or fax,
+1-949-349-5375, all of Fluor Corporation.
media relations, Jerry Holloway, +1-949-349-7411, or LeannVandergrift, +1-949-349-7420, or investor relations, Lila Churney,+1-949-949-3909, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.monadel.com.au //Web site: http://www.broadspectrum.com.au //Web site: http://www.fluor.com /