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Fluor-led JV Awarded Contract to Install Grinding Mill at Grasberg Copper and Gold Mining District in Indonesia
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Rhea-AI Summary
Fluor Corporation (NYSE: FLR) and its joint venture with Petrosea, the Fluor Petrosea Joint Organization (FPJO), have been awarded a contract by PT Freeport Indonesia to construct a new grinding mill at the Grasberg mining district in Papua, Indonesia. This project aims to enhance underground production capacity, adding approximately 240,000 tonnes per day. Construction is set to begin soon and is expected to complete in 2023. Fluor's extensive experience in the region highlights its reputation as a trusted solutions provider in the mining industry.
Positive
Awarded contract to construct a new grinding mill at Grasberg, improving production capacity.
Construction expected to increase milling capacity to approximately 240,000 tonnes per day.
Fluor has a long-standing relationship with PT Freeport Indonesia, enhancing investor confidence.
Negative
None.
Fluor to construct new mill as mine transitions from open pit to underground mine
IRVING, Texas--(BUSINESS WIRE)--
Fluor Corporation (NYSE: FLR) announced today that its joint venture with Petrosea – Fluor Petrosea Joint Organization (FPJO) – has been selected by PT Freeport Indonesia to install a new grinding mill at its Grasberg copper and gold mining district in Papua, Indonesia. Fluor booked its undisclosed portion of the contract in the third quarter of 2021.
An aerial view of the Grasberg copper and gold mine in Papua, Indonesia (Photo: Business Wire)
FPJO will construct a third semi-autogenous grinding (SAG) mill adjacent to the existing milling facilities as the mining district continues to ramp up underground production primarily from the Deep Mill Level Zone and Grasberg Block Cave mines following completion of mining in the open pit in 2019. With the additional SAG mill, the milling capacity will be approximately 240,000 tonnes per day.
“Fluor has built several expansions at Grasberg as well as other major projects in Indonesia since the 1980s,” said Tony Morgan, president of Fluor’s Mining & Metals business. “We value the trust we have earned over the decades with the Freeport team and are proud to expand our global footprint in the industry as a solutions provider for the global copper demand.”
The Grasberg project is located in the remote highlands of the Sudirman Mountain Range on the western half of the island of New Guinea.
Fluor’s Perth, Australia office will lead the project with support from Fluor’s offices in Jakarta and Vancouver.
Construction is scheduled to begin later this year and be completed in 2023.
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.
