Danakali Limited selects Fluor following competitive bid process
Fluor
Corporation (NYSE: FLR) was awarded a front-end engineering, design
and optimization (FEED) contract by Danakali Limited (ASX: DNK) in
Eritrea, East Africa for the Colluli Potash Project following a
competitive tendering process initiated and completed in 2016. Fluor
will book the undisclosed contract value in the first quarter of 2017.
“Fluor will provide a highly qualified design and optimization team with
world-class process infrastructure credentials for this important
fertilizer project,” said Rick
Koumouris, president of Fluor’s Mining & Metals business. “In
addition to working with Danakali to maximize project capital efficiency
during the study and execution phases of this project, Fluor will bring
top-notch project financing expertise and assistance to help Danakali
advance this project to the next phase.”
“We are delighted to be working with Fluor as we progress the Colluli
project,” said Paul Donaldson, managing director of Danakali. “The
combination of Fluor’s values, people, reputation, optimization
approach, mining and metals expertise, experience in Africa, and
potash-specific experience will benefit the project significantly as it
progresses towards construction.”
Colluli is one of the most advanced greenfield sulfate of potash
developments in the world and demonstrates outstanding economics
including industry leading capital intensity, bottom quartile operating
costs, close proximity to the coast and key markets, and unrivaled
product diversification potential. Sulfate of potash is a high quality
potash fertilizer used for farming crop development and yield
maximization around the globe.
The Colluli deposit is located in the Danakil region of Eritrea, East
Africa. Colluli is approximately 177 kilometers southeast of the
capital, Asmara, and 180 kilometers from the port of Massawa (230
kilometers by road), which is Eritrea’s key import-export entry.
Approval of the social and environmental impact assessment for the
project was given by the Ministry of Land, Water and Environment in
December 2016. The award of the Mining Agreement and Mining License for
the project is well progressed.
Danakali is an ASX-listed company and 50 percent owner of the Colluli
Potash Project in Eritrea, East Africa. The company is currently
developing the Colluli Project in partnership with the Eritrean National
Mining Company (ENAMCO).
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