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Fluor Wins South American Mining Contract Worth $170 Million

Fluor Fluor Corporation announced today that the company won an engineering and limited procurement contract for Newmont Mining's Minas Conga project in Peru. The company booked approximately $170 million for the current Stage 4 portion of the project in the first quarter of 2010, having successfully completed Stage 3. The current award covers select activities through the second quarter of 2011.

Fluor is providing overall engineering, procurement and construction management (EPCM) services for the project which is located near the city of Cajamarca. Fluor will focus on the copper concentrator and associated mining facilities at the project.

"This expansion of our current work, for a key client like Newmont, is extremely important to Fluor in the region. We are pleased that our client has the confidence in our local team in Santiago to execute this project while tapping into our significant global mining expertise," said Dwayne Wilson, group president of Fluor's Industrial business.

Fluor will execute the engineering from its Santiago, Chile office with support from other global locations.

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 billion in 2009.

Published 11/05/2010

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