posted on September 17, 2010 02:32
KBR has won a contract for work on the Hope Downs 4 iron ore mine in Western Australia.
The scope of the project is valued at $1.3 billion, according to KBR.
Houston-based KBR (NYSE:KBR) will provide engineering, procurement management and construction management for the mine, which is slated to begin production in 2013.
The project is part of a joint venture between Rio Tinto – the world’s second largest iron ore producer – and Hancock Prospecting. Rio Tinto will develop and operate the Hope Downs 4 mine as manager of the joint venture, for which KBR completed both the preliminary and final definitive engineering studies.
For more details, read KBR’s press release.
September 14th, 2010 | Houston Business Journal