Fluor has won an EPCM contract from Debswana, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 diamond project. After successfully completing the feasibility study for the company earlier in 2009, Fluor was awarded the procurement and construction management phases of the project, valued at around $450 million in the last quarter of 2009. The project name ‘Cut 8′ refers to the current open-pit mine, which is being expanded to facilitate access to the kimberlite ore at greater depths. (more…)
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(Adds investor comment in fourth paragraph.) March 5 (Bloomberg) — Aluminum Corp. of China, the largest shareholder in Rio Tinto Group, is seeking membership of the board of the worlds third-biggest mining company, reversing a stance it took when it
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