AMEC Awarded $150m Arctic Mining Project
Posted on: Friday, 20 June 2008, 12:00 CDT
VANCOUVER, June 20 /PRNewswire/ -- AMEC plc, the international engineering and project management company, has been awarded Cdn$150 million engineering, procurement and construction management contract by Baffinland Iron Mines Corporation for the $4.1 billion Mary River Iron Ore project on Baffin Island, Nunavut, Canada.
AMEC's work, which begins immediately, entails basic and detailed engineering services, logistics planning, procurement support and construction management services for both the mine facility and export infrastructure.
The contract is scheduled to run until 2014, when the Mary River mine will start production. The mine contains some of the highest grade iron ore in the world and will produce around 18 million tonnes per year, with an initial operating life of 20 years.
"The appointment of AMEC as our engineering, procurement and construction management firm marks a significant milestone in advancing the Mary River project into commercial operations," said Rod Cooper, Chief Operating Officer for Baffinland. "AMEC brings significant expertise in large-scale Arctic mining projects, and we look forward to working with them in the development of this world-class asset."
Neil Bruce, Chief Operating Officer of AMEC's Natural Resources division, added, "We are thrilled with the award of the Mary River project, which demonstrates AMEC's core expertise of delivering in challenging environments and provides an exciting opportunity for us to work with Baffinland in the delivery of this world-class project."
Notes to Editors:
AMEC plc is a focused supplier of high-value consultancy, engineering and project management services to the world's energy, power and process industries. With annual revenues of over $4.6 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power and Process and Earth and Environmental businesses employ approximately 22,000 people in more than 30 countries globally. AMEC shares are traded on the London Stock Exchange where the company is listed in the Oil and Gas sector .
AMEC serves many of the world leaders in the mining industry from offices in the US, Canada, Peru, Chile and the UK. AMEC is also recognized by the mining industry and the international finance community in the areas of ore reserves, mine planning, process design and feasibility studies. The company has provided services to virtually all of the world's major mine developers and operators, as well as mid-sized mining companies, "juniors" and lending institutions.
CONTACT: Lauren Gallagher, AMEC, (602) 757-3211, lauren.gallagher@amec.com; John Kageorge, AMEC, (604) 617-4745, john.kageorge@amec.com
Amec PLC
CONTACT: Lauren Gallagher, AMEC, (602) 757-3211,lauren.gallagher@amec.com; John Kageorge, AMEC, (604) 617-4745,john.kageorge@amec.com
Source: PRNewswire
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