Fluor Awarded Bauxite Expansion Project in Guinea

Monday, August 1, 2016 4:30 pm EDT

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IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"Given the project’s location and unique logistical challenges, Fluor will bring unmatched technical and execution expertise, as well as the requisite Guinea experience, to deliver this project safely, on schedule and on budget."

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Compagnie des Bauxites de Guinée (CBG) awarded Fluor an engineering, procurement and construction management contract for the Bauxite Production Expansion Project in Kamsar, Guinea. Fluor booked the $501 million contract value into backlog in the second quarter of 2016.

The project will expand bauxite production from 14.5 million to 18.5 million tons per year and is the company’s first of a planned three-phase expansion. The scope includes expansion of the mine infrastructure, rail system, port facility and processing plant infrastructure and utilities. Fluor has been involved since the project’s early stages executing the feasibility study and early engineering.

“Fluor has worked with CBG to develop a capital-efficient solution that combines delivery predictability and flexibility for maintenance and future expansions,” said Rick Koumouris, president of Fluor’s Mining & Metals business. “Given the project’s location and unique logistical challenges, Fluor will bring unmatched technical and execution expertise, as well as the requisite Guinea experience, to deliver this project safely, on schedule and on budget.”

The expansion is expected to complete in 2018. CBG is jointly owned by the Government of Guinea and the Halco Mining consortium, which includes Alcoa, Rio Tinto and Dadco Investments.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

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