Fluor Completes Diamond Mine Upgrade Project in Botswana


Fluor Completes Diamond Mine Upgrade Project in Botswana

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) announced today that it has completed the US$500 million infrastructure and plant upgrades on the Jwaneng Cut 8 expansion project, a part of the US$3 billion expansion program at Debswana's Jwaneng mine in Botswana. Fluor provided engineering, procurement and construction management services for the mine, which is the richest diamond mine by value in the world.

The expansion enables the removal of overburden to allow the mine to access 91 million tonnes of ore that will yield around 102 million carats of diamonds and extends the life of the mine to 2025.

"Fluor has set the highest standard of performance commensurate with their world class position," said Balisi Bonyongo, General Manager of the Jwaneng Mine.

"Executing a project inside an operational mine is a challenging task and we are proud to complete the project with minimal disruption and impact to production," said Matthew Cobbett, Fluor's executive general manager for its Mining & Metals business line. "The project team should be commended for its remarkable achievements."

This milestone was celebrated during the project completion ceremony held in Jwaneng and was attended by executive and senior management from Debswana Diamond Company, Fluor and other construction contractors.

As part of the project, Fluor, Debswana and its contractors undertook numerous sustainability initiatives that have directly benefited the town of Jwaneng and its surrounding communities.

Fluor continues to support Debswana and is currently undertaking a pre-feasibility study for a new treatment plant at Letlhakane Diamond Mine, north of Botswana's capital, Gaborone.

About Fluor Corporation

Fluor Corporation (NYS: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.

Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.

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

KEYWORDS: United States Botswana North America Africa Texas


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