SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Oct 2019 to Oct 2024
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