DOW JONES NEWSWIRES
Fluor Corp. (FLR) said it will book $1.3 billion this quarter
for engineering, procurement and construction management services
after winning a contract for work at a mine in central Chile.
Company shares fell 26 cents to $43.20 in premarket trading amid
broad market weakness.
Fluor will work on Minera Lumina Copper Chile SA's Caserones
copper mine out of its Santiago office. The project, expected to be
completed in 2013, is expected to process about 105,000 tons of
copper ore per day. Mitsui & Co. (MITSY, 8031.TO) and Pan
Pacific Copper Co. jointly own Minera Lumina.
The announcement comes on the heels of a disclosure the company
will book $3 billion this quarter from work for Saudi Arabian
Mining Co. (1211.SA) and Alcoa Inc. (AA) on an aluminum mine. Fluor
said in May its first-quarter profit fell 33% as revenue decreased
amid weakness in the oil-and-gas sector.
-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240,
matthew.jarzemsky@dowjones.com