Further to the announcement to the ASX on 3 May 2010, WorleyParsons (WOR) can now confirm that it has been selected, in joint venture with Fluor Corporation, to be the managing partner in the development of a major new world class bauxite mine and alumina refinery for the Ma’aden-Alcoa joint venture in Saudi Arabia. WorleyParsons’ appointment follows its successful completion of front end engineering and associated services for the project, reinforcing its position as a global leader in the bauxite and alumina industry. The multi-billion dollar project will comprise a mine to be located at Al Ba’itha in the north of the Kingdom and an alumina refinery which will form part of a major new aluminium complex at Ras Az Zawr located on the gulf coast. WorleyParsons will provide engineering, procurement and construction management services in a 50:50 joint venture with Fluor Corporation.
WorleyParsons’ Chief Executive Officer, Mr John Grill said “We are pleased with our appointment to the mine and refinery project. This project will continue our involvement with Ma’aden’s ongoing developments and reinforces our project delivery capability and presence in the region.” Revenue to WorleyParsons from the project is estimated to be more than A$100million.
