Fluor Awarded Bauxite Expansion Project in Guinea

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Fluor Awarded Bauxite Expansion Project in Guinea

Fluor Corporation have announced that Compagnie des Bauxites de Guinée (CBG) awarded Fluor an engineering, procurement and construction management contract for the Bauxite Production Expansion Project in Kamsar, Guinea. Fluor booked the $501 million contract value into backlog in the second quarter of 2016.

The project will expand bauxite production from 14.5 million to 18.5 million tons per year and is the company’s first of a planned three-phase expansion. The scope includes expansion of the mine infrastructure, rail system, port facility and processing plant infrastructure and utilities. Fluor has been involved since the project’s early stages executing the feasibility study and early engineering.

“Fluor has worked with CBG to develop a capital-efficient solution that combines delivery predictability and flexibility for maintenance and future expansions,” said Rick Koumouris, president of Fluor’s Mining & Metals business. “Given the project’s location and unique logistical challenges, Fluor will bring unmatched technical and execution expertise, as well as the requisite Guinea experience, to deliver this project safely, on schedule and on budget.”

The expansion is expected to complete in 2018. CBG is jointly owned by the Government of Guinea and the Halco Mining consortium, which includes Alcoa, Rio Tinto and Dadco Investments.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide.

Source: www.fluor.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.