Jacobs Receives Another Contract from Minera Chinalco
May 07 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a contract from Minera Chinalco Peru S.A. to perform a
feasibility study for the expansion of its Toromocho copper mining
facilities in the Morococha District of Peru.
Officials did not disclose the contract value, but noted that
the project is expected to be executed out of Jacobs’ Lima, Peru
office with assistance from its Santiago, Chile and Tucson, Ariz.,
US offices.
Jacobs has been working on the Toromocho copper project since
2006. The mine is located at an altitude of 14,700 to 16,400 feet.
The current phase of engineering, procurement and construction
management is nearing completion. Under the original design, the
facility is capable of treating 117,200 tons of ore per day and
producing in excess of 210,000 tons of copper annually, plus
byproducts of silver and molybdenum.
Major equipment required for the proposed capacity expansion
includes apron feeders, a conveyor system for mill feed, a
semi-autogenous grinding (SAG) mill, a ball mill and cyclones,
flotation cells, a tailings thickener, and all associated
equipment. The existing plant layout allows for the integration of
new equipment required for the current expansion.
Jacobs Group Vice President Andy Kremer stated, "We are
delighted to further support Minera Chinalco on their proposed
expansion. We have several years’ experience working as an
integrated team on the Toromocho project. Given the ongoing
construction activities on site, the knowledge we have already
acquired will be extremely valuable as we consider optimum
solutions and tie-in designs needed to incorporate the planned
expansion into the existing facilities."
Minera Chinalco Perú S.A. is a subsidiary of Chinalco Mining
Corporation International (CMC). CMC is a company listed on the
Hong Kong Stock Exchange (stock code: 03668.HK). The Aluminum
Corporation of China (CHINALCO), headquartered in Beijing, is the
ultimate and controlling shareholder of CMC. CHINALCO is the second
largest alumina producer and the third largest primary aluminum
producer worldwide.
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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