Fluor Named by Quadra FNX to Perform Sierra Gorda Mining Work in Chile

Wednesday, July 13, 2011 7:30 am EDT

Dateline:

IRVING, Texas & SANTIAGO, Chile

Public Company Information:

NYSE:
FLR
US3434121022
"Global demand for natural resources continues to be a strong driver for Fluor’s EPCM services in the mining sector"

IRVING, Texas & SANTIAGO, Chile--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company has won a contract from Minera Quadra Chile Limitada, a subsidiary of Quadra FNX Mining Ltd. (TSX: QUX), to perform work at the company’s Sierra Gorda project in Chile. Fluor booked approximately $1 billion for the Sierra Gorda project in the company’s second quarter 2011.

Sierra Gorda is an open pit, green field conventional copper/molybdenum project located in Chile’s Atacama Desert. Fluor’s scope of work on the project will include providing engineering, procurement and construction management (EPCM) services for the mine’s processing plant. When complete, the mine will be capable of processing approximately 110,000 tons per day of ore, expanding to 190,000 tons per day during year four of operations. Quadra FNX is targeting first production from Sierra Gorda in 2014.

"Global demand for natural resources continues to be a strong driver for Fluor’s EPCM services in the mining sector," said Rick Koumouris, senior vice president and general manager of Fluor’s Mining & Metals business line. "Our team is pleased to work with Quadra FNX on this new project in Chile and bring our world class project execution and safety focus to Sierra Gorda."

About Quadra FNX Mining Ltd.

Quadra FNX Mining Ltd. is a leading mid-tier copper mining company with corporate offices in Vancouver, B.C. and Toronto, Ontario. Quadra FNX produces copper and platinum group metals from its operating mines: Robinson in Nevada, Carlota in Arizona, Franke in northern Chile, and McCreedy West, Levack, which includes Morrison, and Podolsky in Sudbury, Ontario. The Company possesses several advanced development projects, including the Sierra Gorda copper-molybdenum project in Chile, the Malmbjerg molybdenum development project in Greenland and the Victoria project, an advanced exploration project in Sudbury. Quadra FNX employs approximately 1,900 people in North and South America.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $20.8 billion in 2010. For more information, visit www.fluor.com.

Contact:

Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222

   

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