Fluor Corp bags $501 mln bauxite expansion project in Guinea

<p>Irving, Texas based multinational engineering and construction firm Fluor Corporation has been awarded with a major bauxite expansion project in Guinea. The engineering, procurement and construction management contract was signed between the representatives of Compagnie des Bauxites de Guin&eacute;e (CBG) and Fluor Corp.<br /><br />The project, booked at a contract value of $501 million (into backlog in the second quarter of 2016) will expand CBG&rsquo;s bauxite production from 14.5 million to 18.5 million tons per year.<br /><br />The scope of the project includes expansion of the mine infrastructure, rail system, port facility and processing plant infrastructure and utilities. Fluor has been on board since the early stages of the project executing the feasibility study and early engineering.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Fluor.jpg" alt="News" width="600" height="400" /><br /><br />The project will be CBG&rsquo;s first of a planned three-phase expansion and is expected to complete in 2018. <br /><br />&ldquo;Fluor has worked with CBG to develop a capital-efficient solution that combines delivery predictability and flexibility for maintenance and future expansions,&rdquo; said Rick Koumouris, president of Fluor&rsquo;s Mining &amp; Metals business. &ldquo;Given the project&rsquo;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.&rdquo;<br /><br />CBG is jointly owned by the Government of Guinea and the Halco Mining consortium comprising Rio Tinto, Alcoa, and Dadco Investments.</p>