A company partly owned by the government of Guinea has awarded Fluor (NYSE: FLR) a $501 million engineering, procurement and construction management contract for an expansion project in the country.
Fluor said Monday it will work with Compagnie des Bauxites de Guinee to carry out the bauxite production expansion project that aims to increase the rock formation’s production from 14.5 million to 18.5 million tons annually.
Rick Koumouris, president of Fluor’s mining and metals business unit, said the company seeks to facilitate project flexibility for future expansions and maintenance work.
Fluor added that the project covers the first of three phases in the expansion plan through 2018 and includes the mine infrastructure, port facility, rail system and processing plant infrastructure and utilities.
Guinea’s government jointly owns CBG with the Halco Mining consortium that includes Alcoa, Rio Tinto and Dadco Investments.