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Foster Wheeler Awarded Engineering Contract for Copper Processing Facility in Chile

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Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded an engineering design contract for a copper concentrator plant in Chile for the Chilean Copper Corporation (CODELCO), the world's largest copper producing company. The engineering contract is part of the improvement project for the El Teniente Concentrator.

The contract calls for the provision of front-end conceptual engineering (including optimization trade-offs, 3D model designs and a capital expenditure estimate) for modifications to the mineral ore feeding system for the SAG-1 and SAG-2 mills; improvement of the molybdenum processing plant; increased production of soluble copper; and improvements to the environmental protection at the tailings distribution system. This front-end conceptual engineering work is scheduled to be completed during the second quarter of 2011.

"We are excited to work with CODELCO on this important mining and metals project in Chile," said Umberto della Sala, chief executive officer, Foster Wheeler AG. "This is the second award from CODELCO El Teniente and, as such, is a testament to our mining-related expertise in the Global E&C Group. Mining and metals is a market in which we are actively seeking to broaden our existing capabilities and diversify our offerings."

Published 14/02/2011

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Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialised expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland.

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