AMEC awarded $150m Arctic mining project

June 20, 2008

June 20th (The Earth Times) – AMEC plc, the international engineering and project management company, has been awarded Cdn$150 million engineering, procurement and construction management contract by Baffinland Iron Mines Corporation for the $4.1 billion Mary River Iron Ore project on Baffin Island, Nunavut, Canada.

AMEC’s work, which begins immediately, entails basic and detailed engineering services, logistics planning, procurement support and construction management services for both the mine facility and export infrastructure.

The contract is scheduled to run until 2014, when the Mary River mine will start production. The mine contains some of the highest grade iron ore in the world and will produce around 18 million tonnes per year, with an initial operating life of 20 years.

“The appointment of AMEC as our engineering, procurement and construction management firm marks a significant milestone in advancing the Mary River project into commercial operations,” said Rod Cooper, Chief Operating Officer for Baffinland. “AMEC brings significant expertise in large-scale Arctic mining projects, and we look forward to working with them in the development of this world-class asset.”

Neil Bruce, Chief Operating Officer of AMEC’s Natural Resources division, added, “We are thrilled with the award of the Mary River project, which demonstrates AMEC’s core expertise of delivering in challenging environments and provides an exciting opportunity for us to work with Baffinland in the delivery of this world-class project.”

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