Jacobs Receives Contract from Codelco for Sustaining Capital Services in Chile
October 29 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract from Codelco’s Radomiro Tomic Division for
sustaining capital services for its Radomiro Tomic (RT) copper mine
in Calama, Antofagasta, Chile.
The three year contract has a potential value of $27 million.
With this award, Jacobs establishes an office in Calama and expands
its operational presence in Chile’s primary mining region in the
north of the country.
Under the terms of the contract, Jacobs is providing
engineering, procurement, construction management, commissioning,
and start-up support for an annually approved portfolio of projects
related to the current operations of Codelco’s RT copper mine. RT
is an oxide ore open-pit mine located approximately 1,040 miles
from Santiago, Chile at over 9,800 feet above sea level in the
desert area of the Andes Mountains. Its plant capacity is designed
to produce 300,000 metric tons per year of cathode copper.
Jacobs is currently performing Phase II of the RT Sulphides
Project which includes the provision of engineering services for an
anticipated 200,000 metric tons per day (mtpd) Cu-Mo
(Copper-Molybdenum) concentrator plant that processes the sulphides
copper ore reserves of the RT Mine. Jacobs also performed Phase I
of the RT Sulphides Project, providing EPCM services for the
installation of a semi-mobile primary crushing plant at the RT Mine
and an overland conveyor and coarse ore stockpile to feed the
existing concentrator facilities at the nearby Chuquicamata
Mine.
In making the announcement, Jacobs Executive Vice President
Andrew Kremer stated, “We are very pleased to receive this award
from Codelco, and look forward to further strengthening the solid
relationship we have established with them through our previous and
ongoing work at the RT mine.”
Codelco, the National Copper Corporation of Chile, is the world
leader in copper production and is an autonomous company owned by
the Chilean State.
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.
Jacobs Engineering Group Inc.Michelle Jones, 626-578-6968
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