MONTREAL, Jan. 18, 2011 /CNW Telbec/ - SNC-Lavalin is pleased to
announce that it has been awarded an engineering, procurement and
construction contract by Rudarsko - Topionicarski Basen Bor Grupa
(RTB-Bor) for the modernization of its existing copper smelting complex
in Eastern Serbia. SNC-Lavalin's portion of the contract is worth
approximately CAN$215 million. The contract was signed in June, 2010,
following the successful completion of a feasibility study by
SNC-Lavalin. The contract is now fully effective following the closing
of financing for the project provided by Export Development Canada and
arranged through SNC-Lavalin Capital.
The copper smelter upgrade will include a new flash furnace, sulphuric
acid plant and effluent treatment plant, and upgrading of the existing
facility's key process areas. When the project is completed, the new
facility will provide RTB-Bor with 80,000 tpy of copper anode while
reducing liquid and gaseous emission levels to European standards.
Work has begun and the project is scheduled for completion in late
RTB-Bor is a Serbian state-owned mining company and this project is part
of a larger initiative of the Government of Serbia to improve
environmental conditions and assist in economic recovery in the region.
This follows a recent World Bank financing to remediate historical
"This project will ensure that RTB-Bor will have an optimized facility
to ensure environmental sustainability and provide economic benefits to
the region," said Feroz Ashraf, Executive Vice-President, SNC-Lavalin
Group Inc. "SNC-Lavalin is pleased to provide its world-class expertise
in copper and SO2 capture by supplying leading technology and complete engineering,
procurement and construction services for RTB-Bor's modernization
initiatives. We look forward to developing other key projects in
Serbia and in neighbouring countries as part of our multi-product
growth strategy in the region."
SNC-Lavalin (TSX:SNC) 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 100th anniversary in 2011. www.snclavalin.com.
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