Fluor Awarded US$462-Million Contract for Copper-Gold Concentrator in Southern Australia

Thursday, March 1, 2007 9:05 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) will provide project management, engineering and procurement services for a US$598-million (A$775 million) copper-gold project for Oxiana Limited in South Australia. The US$462-million contract was booked in Fluors fourth quarter 2006.

This is the first major mining project in the region since the expansion of Olympic Dam in the late 90s, said Dwayne Wilson, president of Fluor's Industrial and Infrastructure business line. Fluor was involved in the Olympic Dam project, and this is another great project for Fluor in Australia.

Oxianas Board of Directors formally approved development of the Prominent Hill copper-gold project on Aug. 25, 2006. The copper-gold deposit was discovered in 2001 by Adelaide-based Mintaur Exploration Ltd. and has been the stand-out greenfields discovery of the decade in Australia.

During the expansion, Fluors construction management organization will require an average of 400 workers with up to 1,000 workers at peak periods. Project work will be executed out of Fluors offices in Perth and Adelaide, Australia.

The project includes development of an open-pit mine, a conventional grinding and flotation processing plant with an 8 million ton per annum capacity, construction of a permanent village to accommodate a 400-person workforce and construction of a haul road, power lines, airfield and bore field. First commercial production of copper-gold concentrates is slated for third quarter 2008.

Oxiana is an international mining and exploration company focusing on Australia, Asia and the Pacific. Oxiana products include gold, copper cathodes and base and precious metal concentrates.

Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005. For more information, visit www.fluor.com.

(FLRG)

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Fluor Corporation
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Keith Stephens, 469-398-7624
Steve Roth, 469-398-7623
or
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Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
469-398-7277 fax

   

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