MONTREAL, July 21, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has signed
a contract with Stornoway Diamonds (Canada) Inc. to provide project
management, detailed engineering, procurement and construction
management (EPCM) services for the Renard Diamond Project located in
the James Bay region of Quebec, Canada. The capital cost related to
SNC-Lavalin's scope of services is estimated at over $425 million.
SNC-Lavalin will provide EPCM services for the mineral processing plant,
a liquid natural gas (LNG) power plant and other on-site utilities,
including service buildings, water treatment facilities and
infrastructure. SNC-Lavalin previously participated in the front-end
engineering phase of the project which began in 2012.
"This award is testament to our project execution capabilities around
the world, including regions where climatic conditions can be
challenging," said Dale Clarke, Executive Vice-President, SNC-Lavalin
Group Inc. "We are thrilled to support Stornoway Diamonds in the
development of Quebec's first diamond mine, a project that will
contribute to the success of the province's 'Plan Nord' economic
Full mobilization of the Montreal-based project team has now commenced,
and construction is scheduled to conclude by December 2016. The team
will incorporate specialized diamond processing and recovery expertise
through the engagement of DRA Americas Inc. and AMEC Americas Ltd.
Ore production at Renard is expected to exceed 2.16 million tonnes per
year, with an anticipated average diamond production of 1.6 million
carats per year.
Founded in 1911, SNC-Lavalin is one of the leading engineering and
construction groups in the world and a major player in the ownership of
infrastructure. From offices in over 40 countries, SNC-Lavalin's 30,000
employees provide EPC and EPCM services to clients in a variety of
industry sectors, including mining and metallurgy, oil and gas,
environment and water, infrastructure and clean power. SNC-Lavalin can
also combine these services with its financing and operations and
maintenance capabilities to provide complete end-to-end project
For further information:
Public Relations Manager, Global Corporate Communications
SNC-Lavalin Group Inc.
514-393-8000, ext. 54772
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 57553