ICA Fluor Awarded Gold and Silver Project in Mexico
IRVING, Texas & MEXICO CITY – Fluor Corporation (NYSE: FLR) announced today that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA), was awarded an engineering, procurement and construction management contract by Minas de La Alta Pimeria S.A. de C.V. (MAPSA), a subsidiary of Goldcorp, for the Pyrite Leach Project in Zacatecas, Mexico. Fluor booked its share of the undisclosed contract value into backlog in the third quarter of 2016.
Located at the Peñasquito mine, the new facility will process existing zinc tailings to increase overall gold and silver recoveries prior to final deposition at the existing tailings storage facility, thereby increasing the overall viability of Goldcorp’s facility.
Fluor serves as Goldcorp’s partner of choice for studies, engineering and construction through a strategic relationship agreement. The feasibility study for the project was completed in December 2015, and since that time the joint venture team has been working closely with MAPSA (Goldcorp) to ready the project for execution.
“Working hand-in-hand with Goldcorp as their strategic partner, the approach we have developed improves this project’s overall viability,” said Rick Koumouris, president of Fluor’s Mining & Metals business. “With more than 25 major mining projects in the last 10 years and an industry-leading partnership with ICA Fluor, we are honored to bring our technical expertise and geographical footprint to support Goldcorp’s capital investment plans.”
“We are honored to keep participating in the improvement of Mexico’s industrial sector and the further development of the country,” said Luis Zarate, chief executive officer of ICA.
ICA has 69 years of experience in the engineering, procurement and construction of emblematic infrastructure projects in Mexico and, through its joint venture as ICA Fluor, is a leader in the Mexican industrial construction segment.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, power, mining and telecommunication industries.
Empresas ICA, S.A.B. de C.V. is a Mexican infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads and water systems. Founded in 1947, ICA is listed on the Mexican Exchange. For more information, visit www.ir.ica.mx.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.