SNC-Lavalin Awarded Contracts on Both Potash Ridge's Valleyfield and Blawn Mountain Projects
Jul 05, 2016, 08:00 ET
MONTREAL, July 5, 2016 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has recently been awarded two separate contracts by Potash Ridge Corporation (TSX: PRK), a near term producer of premium fertilizer in North America. The first contract is for the first phase of an Engineering, Procurement and Construction (EPC) program for the Valleyfield project, located in Valleyfield, Quebec, and the second is for the development of the Blawn Mountain project, located in Utah, USA.
The contract for the Valleyfield project comprises two distinct phases. The first phase is expected to be a four-month process during which SNC-Lavalin will finalize engineering and process drawings, prepare equipment lists, schedule long lead items, and award early vendor works contracts such as the Mannheim furnace package, for a 40,000 tonnes per year sulphate of potash facility, with the potential to increase the size of the facility to 80,000 tonnes per year. The second phase of the project involves procurement and site works, which will occur shortly upon completion of the detailed engineering. The Valleyfield Project is expected to be fully operational by late 2017.
The second contract involves SNC-Lavalin undertaking a Scaling Study for the development of the Blawn Mountain potash project to assess the plant design and capacity. The Scaling Study is contemplated to take four months to complete. Following the Scaling Study, SNC-Lavalin will have the exclusive option to negotiate and enter into a lump sum, fixed price Engineering, Procurement and Construction ("EPC") contract for execution of the Blawn Mountain project.
"Over the years, SNC-Lavalin has forged an excellent business relationship with Potash Ridge and we are delighted to have been awarded these two new contracts", said José J. Suarez, President, Mining & Metallurgy, SNC-Lavalin. "Working on both Valleyfield and Blawn Mountain projects consolidates our position as one of the top players in the fertilizers and the potash industry, and we are enthusiastic to have Potash Ridge benefit from our global expertise on these exciting projects."
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 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide Engineering, Procurement and Construction (EPC) and Engineering, Procurement, Construction and Management (EPCM) services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]
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