Fluor (FLR) announced that it was selected by Hellas Gold Single Member, a wholly-owned subsidiary of Eldorado Gold (EGO), to provide engineering, procurement and construction management, or EPCM, services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece. Fluor booked its share of the $845M project investment value in the fourth quarter. Fluor’s scope of work includes infrastructure, non-process facilities, process area and tailings filtration. The project is expected to produce, on average, 140,000 ounces of gold and 67M pounds of copper annually over its initial 20-year mine life. At construction peak, the project is expected to employ up to 800 local construction workers and create 1,400 long-term jobs over the 20-year life of mine. Construction will begin in 2023 with a total project duration for 2.5 to three years and the first production expected in the second half of 2025.
Published first on TheFly
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