Foster Wheeler Awarded Basic Engineering Contract for AngloGold Ashanti’s U.S. Cripple Creek and Victor Gold Mine
April 23 2014 - 7:30AM
Business Wire
Foster Wheeler AG (Nasdaq:FWLT) announced today that a
subsidiary of its Global Engineering and Construction Group has
been awarded a contract for basic engineering for the Squaw Gulch
ADR2 project, a new adsorption, desorption and recovery (ADR)
facility at AngloGold Ashanti (Colorado) Corp.’s Cripple Creek and
Victor Gold Mining Company’s site in Teller, Colorado, U.S.
Foster Wheeler's contract value was not disclosed and will be
included in the company's first-quarter 2014 bookings. Foster
Wheeler’s scope of work is scheduled for completion in the third
quarter of 2014.
“This is an important first win with AngloGold Ashanti, a major
gold producer,” said Dave Lawson, Foster Wheeler’s President and
Chief Executive Officer – Minerals and Metals. “This is also our
second win with a gold-producing client. Along with our 2013
contract win to provide EPC and related services for a grassroots
molybdenum refinery in Chile, this latest award demonstrates our
strategy to build our position with major global producers and to
extend the range of minerals and metals in which we are
successfully winning business.”
Foster Wheeler AG is a global engineering and construction
company and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 13,000 talented professionals with specialized
expertise dedicated to serving its clients through one of its two
primary business groups. The company’s Global Engineering and
Construction Group designs and constructs leading-edge processing
facilities for the upstream oil and gas, LNG and gas-to-liquids,
refining, chemicals and petrochemicals, power, minerals and metals,
environmental, pharmaceuticals, biotechnology and healthcare
industries. The company’s Global Power Group is a world leader in
combustion and steam generation technology that designs,
manufactures and erects steam generating and auxiliary equipment
for power stations and industrial facilities and also provides a
wide range of aftermarket services. The company is based in Zug,
Switzerland, and its operational headquarters office is in Reading,
United Kingdom. For more information about Foster Wheeler, please
visit our website at www.fwc.com.
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statements regarding the Company’s expectations about revenues
(including as expressed by its backlog), its liquidity, the outcome
of litigation and legal proceedings and recoveries from customers
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the amount and timing of related insurance recoveries. Such
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Other factors and assumptions not identified above were also
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the failure of such other assumptions to be realized, as well as
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to consult any additional disclosures the Company makes in proxy
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10-K and current reports on Form 8-K filed with or furnished to the
Securities and Exchange Commission.
Foster Wheeler AGMedia:United StatesPatti Landsperger, +1
908-713-2944patti_landsperger@fwc.comorInvestor
Relations:Scott Lamb, +1
908-730-4155scott_lamb@fwc.comorOther Inquiries:+1
908-730-4000fw@fwc.com
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