Jacobs Receives Contract from Rio Tinto Minerals for Boron Expansion Project
January 29 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was
awarded a contract from Rio Tinto Minerals (RTM) to provide
engineering, procurement and construction management (EPCM)
services for its plant expansion project in Boron, Calif.
Officials are currently estimating the total project value at
approximately $150 million.
The expanded plant is designed to increase capacity and to use
RTM’s new technology, Modified Direct Dissolving of Kernite Ore
(MDDK), a process which allows sodium borate and boric acid
production to continue until end of mine life.
In making the announcement, Jacobs Group Vice President Mike
Autrey stated, “We are pleased to continue our 50 year relationship
with U.S. Borax/RTM as they expand to meet market demands. Our
aggressive value engineering efforts have enabled our joint teams
to create optimal business solutions for Rio Tinto.”
Rio Tinto Minerals is a global leader in industrial mineral
supply and science, providing nearly half the world’s supply of
refined borates.
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management’s current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking
statements. For a description of some of the factors which may
occur that could cause actual results to differ from our
forward-looking statements please refer to our 2012 Form 10-K, and
in particular the discussions contained under Items 1 - Business,
1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations. We do not undertake to update any forward-looking
statements made herein.
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