Fluor Selected for Cerro Verde Mine Expansion Project in Peru


Fluor Selected for Cerro Verde Mine Expansion Project in Peru

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) announced today that it was awarded a contract by Freeport-McMoRan Copper & Gold to provide construction management (CM) services for the expansion of the Cerro Verde mine in Peru. Fluor previously provided engineering and procurement services on the project beginning in early 2012. For the new contract, Fluor booked approximately $2.9 billion into backlog during the second quarter of 2013.

Cerro Verde is an open-pit copper and molybdenum mining complex located near the city of Arequipa in southern Peru. The large-scale expansion, announced in 2012, will triple existing throughput of the concentrator facilities to approximately 360,000 metric tons per day.

"Fluor is pleased that Freeport-McMoRan has awarded the construction management services to Fluor on this important project," said Rick Koumouris, Fluor's business line lead for Mining & Metals. "We look forward to enhancing our excellent relationships with Freeport-McMoRan by successfully building the design developed by our Vancouver office."

Under the contract, Fluor will provide CM services for the new 240,000 metric tons per day concentrator, associated infrastructure including a new 220 kilovolt transmission line, a new waste water treatment plant for the city of Arequipa, upgraded fresh water pumping system, new tailing storage facility and ancillary buildings and facilities.

Engineering and procurement services for the project have been provided from Fluor's Vancouver, Canada, office and the company's offices in Lima, Peru, and Santiago, Chile, will lead the construction management operations for the project.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYS: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 41,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com and follow us on Twitter at @FluorCorp.

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 North America South America Canada Peru Texas


The article Fluor Selected for Cerro Verde Mine Expansion Project in Peru originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published