Aecon awarded $85 million contract for Vale Clean AER Project
SUDBURY, ON, Aug. 2, 2012 /CNW/ - Aecon Group Inc. (TSX:ARE) announced today that it has been awarded an $85 million contract for site preparation and foundation construction for the Vale Clean AER (Atmospheric Emissions Reduction) Project in Sudbury.
Aecon's contract is the first phase of this project, and includes construction of reinforced concrete foundations, pipe rack foundation and site preparation work for the process plant. Work also includes detailed excavation and backfill for these structures.
Overall, the Vale Clean AER project will involve a complete retrofit of Vale's smelter converter aisle, the construction of a new secondary baghouse and wet gas cleaning plant, a second acid plant, and new material handling facilities to better prevent dust from entering the community. The smelter will continue to operate for the duration of the project.
The Vale Clean AER Project will see sulphur dioxide emissions at Vale's smelter in Sudbury reduced by 70 per cent from current levels, as well as dust and metals emissions reduced a further 35 to 40 per cent.
The project is scheduled to be completed by the end of 2015.
"Aecon looks forward to bringing our heavy civil expertise to this sustainable mining project for Vale," said Teri McKibbon, Aecon's Chief Operating Officer. "We are pleased to have a part in this environmentally innovative project for the Greater Sudbury area."
Aecon Group Inc. is a Canadian leader in construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon is pleased to be consistently recognized as one of the Best Employers in Canada.
The information in this press release includes certain forward-looking statements. These "forward-looking" statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to: the timing of projects, unanticipated costs and expenses, general market and industry conditions and operational and reputational risks, including Large Project Risk and Contractual Factors. Readers are referred to the specific risk factors relating to and affecting Aecon's business and operations as filed by Aecon pursuant to applicable securities laws. Forward-looking statements may include, without limitation, statements regarding the operations, business, performance, prospects, strategies and outlook for Aecon. Forward-looking statements, may in some cases be identified by words such as "will," "plans," "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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