CIRC BUY RECOMMENDATION:
From the last news release, I am sure you noted the "names" associated with the new office opened in Washington D.C. Their is some real political clout with the opening of the new office. Since I live just outside Washington D.C., and have done so for the last 20 years, I recognize the political position that the new office puts SNC in. Also, not the names of the clients the new agency has already listed and the size of the revenues produced. Not second rate in my opinion.
But, thats not all. It is important to realize who the clients of SNC are. They show the continuing growth of SNC in the industry and the level at which they are functioning. You don't get top name clients with a bad reputation.
The second news release also refers to a JV of SNC and their newest client. You might say that SNC is a "golden" opportunity. Read the next news release about SNC and their Canadian partnership.
RADAR
RADAR
MONTREAL, Nov 15, 1999 (BUSINESS WIRE) -- SNC(ME:SNC.) (TSE:SNC.) 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 subcontractors 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).
SNC-Lavalin press releases are available on its Web site at www.snc-lavalin.com |
