Feb 16 2011
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded an engineering design contract for a copper concentrator plant in Chile for the Chilean Copper Corporation (CODELCO), the world’s largest copper producing company.
The engineering contract is part of the improvement project for the El Teniente Concentrator.
The terms of the award were not disclosed and the contract value will be included in the company’s first-quarter 2011 bookings.
The contract calls for the provision of front-end conceptual engineering (including optimization trade-offs, 3D model designs and a capital expenditure estimate) for modifications to the mineral ore feeding system for the SAG-1 and SAG-2 mills; improvement of the molybdenum processing plant; increased production of soluble copper; and improvements to the environmental protection at the tailings distribution system. This front-end conceptual engineering work is scheduled to be completed during the second quarter of 2011.
“We are excited to work with CODELCO on this important mining and metals project in Chile,” said Umberto della Sala, chief executive officer, Foster Wheeler AG. “This is the second award from CODELCO El Teniente and, as such, is a testament to our mining-related expertise in the Global E&C Group. Mining and metals is a market in which we are actively seeking to broaden our existing capabilities and diversify our offerings.”
Source: http://www.fwc.com/