Fluor to Conduct Study for Jack Hills Expansion Project in Western Australia

  Fluor to Conduct Study for Jack Hills Expansion Project in Western Australia

Business Wire

IRVING, Texas -- March 14, 2013

Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract
by Australian mining company Crosslands Resources to complete a feasibility
survey for the Jack Hills Expansion Project in Western Australia. Fluor booked
the undisclosed contract in the first quarter of 2013.

Jack Hills iron ore mine in Western Australia (Photo: Business Wire)

Jack Hills iron ore mine in Western Australia (Photo: Business Wire)

As part of the contract, Fluor is responsible for validating, refining and
finalizing a study conducted by Crosslands Resources’ Strategic Asset Review
regarding a major expansion of the Jack Hills Iron Ore mine. The process plant
facilities will handle 61 million tonnes per annum of feed ore to produce a
magnetite iron ore concentrate.

“Fluor is pleased to provide our services to analyze and validate the
potential of this promising mine,” said Rick Koumouris, Fluor’s business line
lead for Mining & Metals.

The Jack Hills mine is operated by Crosslands Resources Ltd., which is owned
by the Mitsubishi Development Pty Ltd, a wholly-owned subsidiary of Mitsubishi
Corporation. In the past five years, the mine produced about 1.8 million
tonnes per annum of direct shipping iron ore.

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, more than 40,000 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 $27.6 billion in 2012. For more information visit
www.fluor.com.

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Contact:

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222
 
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