Fluor Awarded New Mining Work at Barrick Gold’s Pascua-Lama Site
IRVING, Texas -- February 18, 2013
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
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
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