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Fluor wins follow-on construction and project management contract at Barack Gold’s Pascua-Lama site in Andes Mountains

PM INDUSTRY NEWS

23 February 2013 – Irving, Texas, USA—Fluor Corporation has announced 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.

andes-mountainsThe 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 AndesMountains 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.

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world’s most challenging and complex projects. Founded in 1912, the is celebrating its 100th anniversary during 2012. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, and maintenance and project management. Headquartered in Irving, Texas, USA, Fluor is a FORTUNE 200 company with revenue of $23.4 billion in 2011.  For more information, visit www.fluor100.com and www.fluor.com

Source: Fluor Corporation