Fluor Selected by BHP for Stage 2 of Multibillion-Dollar Jansen Potash Project in Saskatchewan, Canada

Rhea-AI Summary

Fluor Corporation has been chosen by BHP Canada to develop Stage 2 of the Jansen potash project in Saskatchewan, Canada. The project is expected to be completed in the fourth quarter of 2023. Fluor's Mining & Metals business will recognize its undisclosed reimbursable contract value. The Jansen site will have a production capacity of approximately 8.5 million tonnes of potash per year.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its multibillion-dollar Jansen potash project in Saskatchewan, Canada. Fluor expects to recognize its undisclosed reimbursable contract value in the fourth quarter of 2023.

BHP Canada’s Jansen potash project site in Saskatchewan. (Photo: Business Wire)

“Fluor is excited to be selected to partner with BHP to deliver this sustainable program that is critical for food security,” said Tony Morgan, president of Fluor’s Mining & Metals business. “This award is a testament to our track record of successfully delivering complex mega-projects, coupled with our expertise in fertilizer production and execution capability in western Canada.”

Potash is essential in supporting eco-friendly agriculture. Approximately 95% of potash is used in fertilizers to support plant growth, increase crop yield and disease resistance, and enhance water preservation.

When completed, the Jansen site will be capable of producing approximately 8.5 million tonnes of potash per year. It will be one of the largest and most sustainable potash mines in the world.

Project execution is scheduled to begin later this month.

The project will be managed through Fluor’s Calgary and Vancouver, Canada, offices.

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 40,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $13.7 billion in 2022 and is ranked 303 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20231103432597/en/

Brett Turner

Media Relations

864.281.6976

Jason Landkamer

Investor Relations

469.398.7222

Source: Fluor Corporation

FAQ

Who has selected Fluor Corporation for the Jansen potash project?

BHP Canada has selected Fluor Corporation for the Jansen potash project.

When is the project expected to be completed?

The project is expected to be completed in the fourth quarter of 2023.

What is the production capacity of the Jansen site?

The Jansen site will have a production capacity of approximately 8.5 million tonnes of potash per year.