SNC-Lavalin Wins Contract for Olympias Gold Project in Greece
NOVEMBER 15, 1999
MONTREAL, QUEBEC--SNC-Lavalin America, a subsidiary of SNC-Lavalin
Group, has received a letter of intent from TVX Gold Inc. of
Toronto for a contract to provide basic and detailed engineering,
procurement and construction management for its Olympias gold
polymetallic project in Greece and associated infrastructure. The
value of the contract, which is expected to be signed later this
month, is estimated at US$30 million. The capital cost of the
project is approximately US$250 million.
The scope of the project includes a new underground mine conveyor
and portal, a new concentrator and the refurbishment of an
existing concentrator, a new dual technology gold plant employing
bio-oxidation (BIOX(R)) and pressure oxidation (POX) technology.
Work is to commence immediately and should be completed by early
2002. SNC-Lavalin will work with sub contractors from Canada,
Australia and the United Kingdom on specialized aspects of the work.
The award is testimony to SNC-Lavalin's expertise in consulting,
engineering and construction of facilities for the treatment of
ores and recovery of minerals and metals and asserts its
leadership in a wide range of mineral processing technologies.
SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Montreal and Toronto stock exchanges (symbol: SNC). |
