SNC-LAVALIN AWARDED MULTI-YEAR PROJECT HUB CONTRACT
March 22 2011 - 10:00AM
PR Newswire (Canada)
MONTREAL, March 22, 2011 /CNW/ -- MONTREAL, March 22, 2011 /CNW
Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has
signed a multi-year Hub contract with BHP Billiton for the
execution of potash projects to be developed and built mainly in
Saskatchewan. SNC-Lavalin was selected through a competitive
process involving other Tier 1 global engineering and construction
companies. The Hub involves the establishment of a project
execution centre where SNC-Lavalin, in partnership with BHP
Billiton, will apply uniform standards and leverage efficiencies in
the execution of projects in various stages of development.
SNC-Lavalin's mandate includes management of the Hub program and
the execution of feasibility studies in the Hub office. It
also includes the engineering, procurement and construction
management (EPCM) for the projects once they are approved by BHP
Billiton following the study phases. The projects may include
any project to be developed in BHP Billiton's Diamonds and
Specialty Products Customer Sector Group. Initially, SNC-Lavalin
will complete the Definition Phase (typically known as a
feasibility study) for Jansen Phase 1, located near Lanigan,
Saskatchewan, for a production capacity of two (2) million
tonnes/year. EPCM execution is expected to follow in 2012,
once BHP Billiton receives the necessary external permits and
approves the implementation phase. The full Jansen project is
being designed to produce approximately eight (8) million
tonnes/year of potash, and development is expected to occur in
three phases. Other infrastructure and related projects include the
development of port facilities on the west coast of the USA. "We
are excited to be selected as BHP Billiton's partner to support the
growth of its Diamonds and Specialty Products Division, which
includes the development of its potash projects," said Feroz
Ashraf, Executive Vice-President, SNC-Lavalin Group Inc. "We have
worked with BHP Billiton over the past 25 years on overseas
projects, and have jointly developed good community and
sustainability programs; this is a great opportunity for us to do
the same in Saskatchewan and other regions in Canada." "This year
marks SNC-Lavalin's 100(th) anniversary and we are extremely proud
to celebrate this important milestone with such a significant
contract award in Saskatchewan. This award is further
recognition of our global expertise in potash combined with our
strong Canadian roots and presence in Saskatchewan," added Ashraf.
SNC-Lavalin looks forward to assisting BHP Billiton in its potash
and other prospective Hub project development plans. SNC-Lavalin is
one of the leading engineering and construction groups in the world
and a major player in the ownership of infrastructure, and in the
provision of operations and maintenance services. SNC-Lavalin has
offices across Canada and in over 35 other countries around the
world, and is currently working in some 100 countries. In business
since 1911, the Company celebrates its 100(th) anniversary in 2011.
www.snclavalin.com. To view this news release in HTML formatting,
please use the following URL:
http://www.cnw.ca/en/releases/archive/March2011/22/c5296.html table
class="cnwBorderedTable" cellspacing="0" border="1" tr valign="top"
td align="left" Media: /td td valign="top" align="left" Investors:
/td /tr tr valign="top" td align="left" Leslie Quintonbr/
Vice-President, Global Corporate
Communications br/ SNC-Lavalin Group Inc.br/
514-393-8000, ext. 7354br/ a
href="mailto:leslie.quinton@snclavalin.com"leslie.quinton@snclavalin.com/a
/td td valign="top" align="left" nowrap="nowrap" Denis Jasminbr/
Vice-President, Investor Relationsbr/ SNC-Lavalin Group Inc.br/
514-393-8000, ext. 7553br/ a
href="mailto:denis.jasmin@snclavalin.com"denis.jasmin@snclavalin.com/a
/td /tr /table p /p
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