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SNC-LAVALIN SIGNS FEASIBILITY STUDY AGREEMENT FOR PHOSPHATE PROJECT IN SAUDI ARABIA
SNC-Lavalin Group Inc. is pleased to announce that its subsidiary, SNC-Lavalin Europe BV, in a consortium with a subsidiary of Jacobs Engineering Inc., has signed an agreement to carry out a US $9.4 million (CAN $12.2 million) feasibility study of the Al-Jalamid Phosphate Project in Saudi Arabia.
The study will be carried out for a consortium made up of Ma’aden–Saudi Arabian Mining Company and Saudi Oger Ltd., and will involve the development of the Al-Jalamid phosphate resource area.
“SNC-Lavalin was a perfect fit for this contract, given our expertise in phosphate mining and processing, chemicals and construction management,” said Pierre Duhaime, Executive Vice-President, SNC-Lavalin Group Inc. “SNC-Lavalin’s ability to offer clients a wide range of complementary expertise, anywhere in the world, is one of our key strengths. In this case, our Brussels, Montreal and Toronto affiliates will each be making an important contribution.”
In addition to processing facilities, including a mineral processing plant, phosphoric and sulphuric acid plants, a diammonium phosphate (DAP) plant and infrastructure, the study will involve field testing, environmental impact assessment, workforce organization definition, and economic and financial market evaluation. The study is expected to be completed by early 2005.
SNC-Lavalin (TSX: SNC) is one of the leading groups of engineering and construction companies in the world, a global leader in the ownership and management of infrastructure, and a key player in facilities and operations management. The SNC-Lavalin companies have offices across Canada and in 30 other countries around the world and are currently working in some 100 countries.
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Gillian MacCormackVice-President, Global Public Relations
SNC-Lavalin Group Inc.
514-393-8000 x7354
gillian.maccormack@snclavalin.com
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Stéphane RoyDirector, Investor Relations
SNC-Lavalin Group Inc.
514-393-1000 x7559
stephane.roy@snclavalin.com