U.S. markets open in 7 hours 42 minutes
  • S&P Futures

    4,390.50
    -31.25 (-0.71%)
     
  • Dow Futures

    34,142.00
    -320.00 (-0.93%)
     
  • Nasdaq Futures

    15,252.75
    -73.25 (-0.48%)
     
  • Russell 2000 Futures

    2,204.80
    -23.50 (-1.05%)
     
  • Crude Oil

    71.36
    -0.61 (-0.85%)
     
  • Gold

    1,750.70
    -0.70 (-0.04%)
     
  • Silver

    22.31
    -0.03 (-0.12%)
     
  • EUR/USD

    1.1721
    -0.0011 (-0.09%)
     
  • 10-Yr Bond

    1.3700
    0.0000 (0.00%)
     
  • Vix

    20.81
    +2.12 (+11.34%)
     
  • GBP/USD

    1.3714
    -0.0023 (-0.17%)
     
  • USD/JPY

    109.9090
    +0.0140 (+0.01%)
     
  • BTC-USD

    45,735.80
    -2,223.60 (-4.64%)
     
  • CMC Crypto 200

    1,141.92
    -83.61 (-6.82%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

Fluor Achieves First Concentrate Production Milestone on Khoemacau’s Copper Silver Project in Botswana

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

IRVING, Texas, July 20, 2021--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Khoemacau Copper Mining (Pty) Limited (Khoemacau) recently achieved first copper and silver concentrate production for its Starter Project near Toteng in Botswana.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210720005869/en/

Fluor performed engineering, procurement and construction for Khoemacau’s Copper Silver Project in Botswana. See photo of the Boseto Processing Facility. (Photo: Business Wire)

The project is in the Kalahari Copper Belt and is expected to produce an annual average of 62,000 metric tons of payable copper and 1.9 million ounces of payable silver in concentrate for more than 20 years.

Under the project scope, Fluor provided engineering, procurement and construction management for upgrading the Boseto Processing Plant, a transport corridor and a 40-kilometer water pipeline from the Haka water pump station to Zone 5.

"The transition from construction to operations marks a major historical achievement for Khoemacau and Botswana," said Tony Morgan, president of Fluor’s Mining & Metals business. "This modern mining and processing operation is expected to deliver substantial economic benefits to the country."

"We would like to thank the entire Fluor team for their important contribution over the past four years working with us to deliver the project and the production of first concentrate," said Johan Ferreira, chief executive officer of Khoemacau.

The project recently celebrated 6 million continuous hours worked without a lost time injury. Construction began in October 2018 with more than 1,800 workers on site during peak construction and achieved first concentrate on time and substantially within the original budget.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#m&m

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720005869/en/

Contacts

Brian Mershon
Media Relations
469.398.7621

Jason Landkamer
Investor Relations
469.398.7222