Fluor Corporation (NYSE: FLR) announced today that the company was
awarded a series of follow-on contracts from Toronto-based Barrick Gold
Corp for new scopes of work at the Pascua-Lama mining project located on
the Argentina/Chile border. Fluor booked the undisclosed value into
backlog in the fourth quarter of 2012.
The new scopes of work included in the award are for overall project
management and construction management for the Pascua location on the
Chile side of the site, as well as construction management and
construction for the Lama location on the Argentina side. The latter two
scopes are part of a 50/50 joint venture with Argentinian contractor
Techint.
“Pascua-Lama is one of the most significant and challenging mining
projects currently underway in the world. We are very pleased to
continue our relationship with Barrick Gold following the recent
completion of the Pueblo Viejo project and look forward to moving ahead
with the next phase of development at Pascua-Lama,” said Rick Koumouris,
Fluor’s business line lead for Mining & Metals. “The Pascua-Lama mining
project will draw on all of Fluor’s capabilities and resources and is
emblematic of what Fluor excels at – large, remote, complex projects.”
The Pascua-Lama mine site straddles the border region of Argentina and
Chile, called the Cordilera, high in the Andes Mountains at elevations
ranging from 3,800 to 5,200 meters. When complete, the mine is expected
to produce an average of 800,000 - 850,000 ounces of gold and 35 million
ounces of silver in its first full five years of operation.
Recently, Fluor completed the Pueblo Viejo gold mining project in the
Dominican Republic for Barrick Gold. It was the largest foreign
investment in the nation’s history and involved a new processing
facility for one of the largest undeveloped gold resources in the world.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, Fluor's 43,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had
revenue of $24.3 billion in 2011. For more information, visit www.fluor.com.
