Gold Project Contract Win

Gold project contract win

Amec Foster Wheeler has been awarded an Engineering Procurement and Construction (EPC) contract by Gruyere Management Pty Ltd (GRM) (agent and manager for the joint venture between Gold Road Resources Limited and Gruyere Mining Company Pty Ltd, a wholly owned subsidiary of Gold Fields Limited) for the Gruyere Gold Project.

The value of the EPC contract is AUD$298 million.

The Gruyere Gold Project, located approximately 200 kilometres east of Laverton, in Western Australia, is one of the largest undeveloped gold deposits in Australia. The mine is expected to be a large-scale open pit operation feeding a 7.5 million to 8.8 million tonnes per annum processing plant.

The contract for GRM will be jointly executed by Amec Foster Wheeler and Civmec Construction and Engineering as the Amec Foster Wheeler Civmec JV (ACJV) and follows their successful joint delivery of the 'Early Contractor Involvement' phase. The scope of work includes the engineering, procurement and construction of the process plant and associated infrastructure.

Amec Foster Wheeler delivers services across the entire life cycle of mining projects, for a wide range of commodities including gold, copper, diamonds, iron ore, uranium, nickel and lithium.

Over the past three decades, Amec Foster Wheeler has developed a peerless level of expertise in gold extraction technology, having successfully delivered over 125 gold projects globally for key customers in the industry. This includes the current EPCM contract for the Çöpler Sulfide Expansion Project in Turkey for Anagold Madencilik, which was awarded in July 2016 and is scheduled for completion in 2018. 

Dave Lawson, Amec Foster Wheeler's President of Mining, said:

"Amec Foster Wheeler has worked on some of the largest and most technically complex gold projects in the world. Winning this contract is testament to how we are delivering on our strategy to expand our EPC business, and our ability to work across all phases of a project to deliver solutions for customers. We look forward to drawing on our extensive international gold expertise to deliver a world class facility for Gruyere, one of the largest undeveloped gold deposits in Australia."

Engineering work has already commenced. Onsite work will commence in August 2017.

Ends

Media: Jonathan Refoy

Investors: Rupert Green

Notes to editors:

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

Employing around 35,000 people in more than 55 countries and with 2016 revenues of £5.4 billion, the company operates across the oil and gas industry from production through to refining, processing and distribution of derivative products and in the mining, power and process, pharmaceutical, environment and infrastructure markets.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

Forward-Looking Statements

This announcement contains statements which constitute "forward-looking statements". Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "will," "may," "continue," "should" and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

Publication on Website

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