Fluor joint venture awarded contract for BHP Group Olympic Dam Smelter project

Fluor (FLR) announced that its Mining & Metals business was awarded a joint venture contract with Hatch to perform engineering, procurement and construction management for BHP‘s (BHP) proposed Olympic Dam Smelter & Refinery Expansion Project in South Australia, which remains subject to final investment decision by BHP. Fluor will recognize its undisclosed portion of the contract value in the fourth quarter of 2024. The contract will be executed in stages as BHP progresses towards a final investment decision on the smelter and refinery expansion, currently expected in the first half of 2027, and through to subsequent construction. This phased strategy aims to support BHP’s assessment of the pathway to increase production in South Australia to more than 500,000 tons of refined copper cathode by the early 2030s, and a strategy to deliver up to 650,000 tons of refined copper cathode from the mid-2030s.