Fluor Joint Venture Awarded Mining Expansion Project in Australia

Tuesday, August 7, 2007 1:23 pm EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that BHP Billiton has awarded the Mine & Port Development JV (MPDJV) a contract to provide engineering, procurement, construction management and commissioning services for an iron ore expansion project in Western Australia. Total project value is $1.8 billion and Fluors share of the EPCM Contract is 50 percent. The project was booked in second quarter 2007.

We are very pleased to continue our successful relationship with BHP Billiton, said Dwayne Wilson, Fluors group president for Industrial & Infrastructure. Fluors long-term presence in Australia combined with our substantial mining experience allows BHP Billiton to increase overall mine efficiency in addition to expanding output.

MPDJV, is a 50/50 joint venture between Fluor Australia Pty Ltd. and Sinclair Knight Merz. The MPDJV office in Perth, Australia, will lead this project.

This expansion will increase the capacity of the mine from 129 million tons per annum to 155 million tons per annum. In addition to expanding the mine site, Fluor, through the JV, will also perform rail and port modifications with final completion expected in early 2010.

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 $14.1 billion in 2006. For more information, visit www.fluor.com.

(FLRG)

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Fluor Corporation
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or
Steve Roth, 469-398-7623
or
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Ken Lockwood, 469-398-7220
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Jason Landkamer, 469-398-7222

   

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