Fluor Awarded Engineering, Procurement and Integrated Construction Management Services Contract for Teck Resource’s Highland Valley Copper Mine Life Extension Project

Key Terms

critical minerals technical

Materials needed to build modern technologies—like batteries, electronics, renewable energy systems and defense equipment—that have few easy substitutes and often come from a small number of countries or mines. Investors care because their supply can be disrupted, expensive or slow to increase, which affects the cost, availability and growth prospects of companies and industries that rely on them; think of them as critical spare parts for the global economy.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that Teck Resources Limited (Teck) has awarded Fluor the Highland Valley Copper Mine Life Extension (HVC MLE) project near Logan Lake, British Columbia, Canada. The contractual scope includes engineering, procurement and integrated construction management services. Fluor recognized its portion of the undisclosed contract value in the third quarter.

Teck's Highland Valley Copper Mine project near Logan Lake, British Columbia, Canada.

The HVC MLE project is a brownfield extension of Teck’s’ wholly owned Highland Valley Copper Operations. HVC MLE will extend the mine’s life from 2028 to 2046. The project scope includes upgrades and modifications to the conveying, grinding and flotation systems; modifications and additions to general plant area facilities; electrical reticulation systems; and additions to several off-site services and utilities.

“Fluor has worked on several projects at Highland Valley Copper and is looking forward to expanding its footprint in British Columbia, a key mining region with a long history of copper extraction,” said Harish Jammula, President of Fluor’s Mining & Metals business. “HVC MLE will strengthen Canada’s critical minerals sector and help meet strong global demand for copper. Fluor’s unmatched experience in large scale copper concentrators, and our expertise in managing complex extensions, will be key to delivering this project.”

“This extension of Canada’s largest copper mine, Highland Valley Copper, is foundational to our copper growth strategy,” said Jonathan Price, President and CEO of Teck Resources Limited. “Given the strong demand for copper as an energy transition metal, the HVC MLE project will generate a robust internal rate of return and secure access to this critical mineral for the next two decades. The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of jobs and community benefits for many more years to come.”

The project is expected to create approximately 2,900 local jobs during the construction phase, which is scheduled to begin immediately.

About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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Source: Fluor Corporation