EDMONTON, June 23, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today
that it has been awarded a mining contract with an estimated value of $123
million by Fort Hills Energy L.P. for mining site development at the Fort
Hills oil sands project in Alberta.
Work will commence later this month, and is expected to be complete in the
second quarter of 2016.
"We are very pleased to work with Fort Hills and its Operator, Suncor Energy
Operating Inc. Suncor is a long-time, valued client," said Teri McKibbon,
Aecon's President & Chief Executive Officer. "Aecon has recently announced
three key mining contracts - a solid foundation of backlog for the Mining
segment as we enter the second half of the year, and further utilization of
our mining fleet of equipment."
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public sector
clients. Aecon is pleased to be consistently recognized as one of the Best
Employers in Canada.
The information in this press release includes certain forward-looking
statements. These "forward-looking" statements are based on currently
available competitive, financial and economic data and operating plans but are
subject to risks and uncertainties. In addition to events beyond Aecon's
control, there are factors which could cause actual or future results,
performance or achievements to differ materially from those expressed or
inferred herein including, but not limited to: the timing of projects,
unanticipated costs and expenses, general market and industry conditions and
operational and reputational risks, including Large Project Risk and
Contractual Factors. Readers are referred to the specific risk factors
relating to and affecting Aecon's business and operations as filed by Aecon
pursuant to applicable securities laws. Forward-looking statements may
include, without limitation, statements regarding the operations, business,
performance, prospects, strategies and outlook for Aecon. Forward-looking
statements, may in some cases be identified by words such as "will," "plans,"
"believes," "expects," "anticipates," "estimates," "projects," "intends,"
"should" or the negative of these terms, or similar expressions. Except as
required by applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Aecon undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
SOURCE Aecon Group Inc.
Vince Borg, Senior Vice President, Corporate Affairs, Aecon Group Inc.,
416-297-2615, firstname.lastname@example.org, www.aecon.com
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