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Foster Wheeler - SNC-Lavalin Joint Venture Awarded Contract for Development of Goro Nickel-Cobalt Project
The 50-50 joint venture is known as the CEG Joint Venture. Personnel from CEG will provide services as part of Goro Nickel's integrated team, led by Inco Australia Management Pty Ltd. The estimated AU$200 million contract with CEG follows CEG's involvement in a comprehensive study to re-examine the Project, which identified value improvement measures and provided detailed engineering to optimize project capital costs. The Goro mine will be designed for an estimated annual capacity of 60,000 tonnes of nickel and over 4,000 tonnes of cobalt. Based on the final results of the project review, construction should begin in early 2005 and be carried out over a period of approximately 35 months. Initial production is estimated to begin in September 2007. New Caledonia is a French overseas territorial community (Collectivite territoriale). The Goro site is on the south coast of New Caledonia approximately 60 kms southeast of the capital Noumea. Find out more about: Search for more Foster Wheeler News Posted 11/01/05 |
Foster Wheeler Ltd subsidiary, Foster Wheeler (Qld) Pty Ltd., in a joint venture with SNC-Lavalin Australia Pty Ltd., has been awarded a new contract by Goro Nickel SA to provide services related to the engineering, procurement and construction management of Goro Nickel's US$1.878 billion Goro nickel-cobalt project in New Caledonia.