Fluor Selected for Lithium and Boron Mine Project in Nevada
November 20 2018 - 4:17PM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that ioneer Ltd.
has selected Fluor to deliver its lithium and boron mine outside of
Tonopah, Nevada. Fluor will initially provide a definitive
feasibility study, and subsequently, engineering, procurement and
construction management (EPCM) services as the project progresses.
Fluor will book the feasibility study contract value in the fourth
quarter of 2018 and expects to book the full EPCM contract value in
2019 dependent on a final investment decision.
“With the growing demand for electric vehicles and energy
storage, Fluor is excited to work with ioneer on our first lithium
mine project in Nevada,” said Tony Morgan, president of Fluor’s
Mining & Metals business. “Our team brings the right
combination of technical and execution expertise. We will leverage
our full suite of integrated solutions tools, including our Zero
Base ExecutionSM process and fit-for-purpose modular design
strategy, to develop an execution approach to deliver this project
safely and with excellence.”
The mine will extract and process ore to produce 20,200 tons of
lithium carbonate and 173,000 tons of boric acid, annually. Lithium
is a key component in batteries used for electric vehicles, power
tools, drones and other items. Boron is widely used in the glass
industry to strengthen and increase heat resistance for glass
cookware, laboratory glassware and glass screens used in mobile
phones, tablets and liquid crystal display televisions. Boron is
also used in fiberglass, insulation, electronics and as a
micronutrient in agriculture.
The full notice to proceed on the EPCM phase is expected in 2019
with first production expected in 2021.
About Fluor Corporation
Founded in 1912, Fluor Corporation (NYSE: FLR) is a global
engineering, procurement, fabrication, construction and maintenance
company that transforms the world by building prosperity and
empowering progress. Fluor serves its clients by designing,
building and maintaining safe, well executed, capital-efficient
projects around the world. With headquarters in Irving, Texas,
Fluor ranks 153 on the Fortune 500 list with revenue of $19.5
billion in 2017 and has more than 56,000 employees worldwide. For
more information, please visit www.fluor.com or follow Fluor on
Facebook, Twitter, LinkedIn and YouTube.
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