KBR Wins Rio Contract To Upgrade Pilbara Fuel Assets
January 17 2012 - 7:44PM
Dow Jones News
KBR Inc. (KBR) said it received a contract from Rio Tinto PLC
(RIO) to upgrade the fuel storage system that underpins the mining
company's iron ore operations in Western Australia's Pilbara
region, where it plans to significantly increase output over the
coming years.
KBR will install fuel assets and storage facilities in five
locations, the Houston-based company said in a statement Tuesday.
The upgrade is due to be completed in July 2013, and the financial
terms of the deal weren't disclosed.
KBR said that once the project is completed, Rio's fuel network
in the Pilbara region will adopt the company's rail system to
transport diesel to hubs for storage, and for further distribution
to mines and power-generation facilities. That would reduce the
need to transport fuel on public roads from Port Hedland, 400
kilometers to the north.
Earlier Tuesday, Rio said it remained on track to boost iron ore
production to 283 million tons a year by the end of 2013 and
continued to study lifting that to 353 million by the second half
of 2015. Output in 2010 was 4% higher at 191.8 million tons.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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