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Fluor Secures $500 Million Contract for Iron Ore Mining Expansion in Western Australia

Fluor Fluor Corporation announced today that its joint venture with Sinclair Knight Merz (SKM) was awarded a contract by BHP Billiton to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton's iron ore operations in the Pilbara Region of Western Australia. Fluor booked approximately $500 million in the company's fourth quarter of 2009.

The Fluor SKM Iron Ore Joint Venture's scope includes overall program management activities and engineering, procurement and construction management (EPCM) services for specific elements of the mine, port and rail works.

"The opportunity to continue our strategic relationship with one of our key clients and be integrally involved in such a landmark project is a true honor for Fluor," said Dwayne Wilson, group executive of Fluor Corporation. "The JV is proud to have the continued confidence of BHP Billiton Iron Ore's management and we look forward to continuing to meet their expectations."

Since 2001, Fluor, as part of the Mine & Port Development Joint Venture with SKM, has provided engineering, procurement, and construction management services to BHP Billiton Iron Ore and successfully delivered Rapid Growth Project's 1, 2, 3 and 4 and is working on Rapid Growth Project's 5 and 6. The growth program has been recognized with four national and regional awards, including a 2004 Institute of Engineers Australia National Award and a 2004 Railway Technical Society of Australasia award.

Fluor Corporation designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008.

Published 22/02/2010

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