Fluor
Corporation (NYSE: FLR) announced today that Compagnie des Bauxites
de Guinée (CBG) awarded Fluor an engineering, procurement and
construction management contract for the Bauxite Production Expansion
Project in Kamsar, Guinea. Fluor booked the $501 million contract value
into backlog in the second quarter of 2016.
The project will expand bauxite production from 14.5 million to 18.5
million tons per year and is the company’s first of a planned
three-phase expansion. The scope includes expansion of the mine
infrastructure, rail system, port facility and processing plant
infrastructure and utilities. Fluor has been involved since the
project’s early stages executing the feasibility study and early
engineering.
“Fluor has worked with CBG to develop a capital-efficient solution that
combines delivery predictability and flexibility for maintenance and
future expansions,” said Rick
Koumouris, president of Fluor’s Mining & Metals business. “Given the
project’s location and unique logistical challenges, Fluor will bring
unmatched technical and execution expertise, as well as the requisite
Guinea experience, to deliver this project safely, on schedule and on
budget.”
The expansion is expected to complete in 2018. CBG is jointly owned by
the Government of Guinea and the Halco Mining consortium, which includes
Alcoa, Rio Tinto and Dadco Investments.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served our clients by
delivering innovative and integrated solutions across the globe. With
headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500
list with revenue of $18.1 billion in 2015 and has more than 60,000
employees worldwide. For more information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia Relations:Brian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor Relations:Geoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222