ICA Fluor Awarded Gold and Silver Mining Project
October 19 2016 - 5:51PM
Empresas ICA, S.AB. de C.V. (BMV:ICA), announced
today that ICA Fluor, its industrial engineering and construction
joint venture with Fluor Corporation (NYSE:FLR) 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. ICA
booked its share of the undisclosed contract value into its
Non-Consolidated Affiliates and Joint Ventures 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, 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 a 69-year experience in the engineering, procurement and
construction of emblematic infrastructure projects in Mexico and,
through its joint venture in ICA Fluor, has become a leader in the
Mexican Industrial Construction segment.
About ICA FluorICA 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.
About ICAEmpresas 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 Stock
Exchange. For more information, visit ir.ica.mx.
About Fluor CorporationFluor 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.
This press release contains projections or other
forward-looking statements related to ICA that reflect ICA’s
current expectations or beliefs concerning future events.
Forward-looking statements involve inherent risks and
uncertainties. We caution you that a number of important factors
could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements. These factors include
cancellations of significant construction projects included in
backlog, material changes in the performance or terms of our
concessions, additional costs incurred in projects under
construction, failure to comply with covenants contained in our
debt agreements, developments in legal proceedings, unanticipated
increases in financing and other costs or the inability to obtain
additional debt or equity financing on attractive terms, changes to
our liquidity, economic and political conditions and government
policies in Mexico or elsewhere, changes in capital markets in
general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in inflation rates, exchange
rates, regulatory developments, customer demand, competition and
tax and other laws affecting ICA’s businesses and other factors set
forth in ICA’s most recent filing on Form 20-F and in any filing or
submission ICA has made with the SEC subsequent to its most recent
filing on Form 20-F. All forward-looking statements are based on
information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
Empresas ICA, S.A.B. de C.V., carries out large-scale
civil and industrial construction projects and operates a portfolio
of long-term assets, including airports, toll roads, water systems,
and real estate. Founded in 1947, ICA is listed on the Mexican and
New York Stock exchanges. For more
information, visit ir.ica.mx.
For more information, please contact:
Christianne Ibanez
christianne.ibanez@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
Fluor (NYSE:FLR)
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