Fluor Awarded Bauxite Expansion Project in Guinea
August 01 2016 - 4:30PM
Business Wire
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.
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Fluor CorporationMedia Relations:Brian Mershon,
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Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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