Fluor
Corporation (NYSE: FLR) announced today that Guinea Alumina
Corporation S.A. (GAC) has awarded Fluor an engineering and program
management consultancy contract for a major bauxite mine in the Boké
region of Guinea, Africa. Fluor booked the approximately $700 million
contract value into backlog in the fourth quarter of 2016.
Working alongside GAC, Fluor will manage the development of a 12
million-tonne-per-annum bauxite mine, a dedicated export terminal in
Port Kamsar and rail and other infrastructure upgrades. The mine, which
is scheduled to begin production in 2018, will supply high-quality raw
materials for alumina production facilities globally. Fluor successfully
completed the feasibility study for GAC in the second quarter of 2016.
“Fluor has worked with GAC since the preliminary phase of the project to
develop a customized, capital-efficient design to meet the company’s
unique business objectives,” said Rick
Koumouris, president of Fluor’s Mining & Metals business. “We will
leverage our global expertise in marine structures, port terminals and
mineral processing along with our experience in Guinea to deliver
innovative design and project execution solutions that improve capital
efficiency.”
“Guinea Alumina Corporation, a key investment for Emirates Global
Aluminium, will drive significant local growth within Guinea and secure
Emirates Global Aluminium’s position upstream in the aluminium chain,"
said Abdulla Kalban, managing director and chief executive officer of
Emirates Global Aluminium, which owns GAC. "We look forward to our
continued relationship with Fluor to ensure further cost optimization
and ultimately a safe and successful project.”
GAC is a wholly-owned subsidiary of Emirates Global Aluminium, which is
equally owned by Mubadala Development Company and Investment Corporation
of Dubai. The project serves as Emirates Global Aluminium’s entry into
the global bauxite market.
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 155 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 RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222