Skanska builds Solitude tailings buttress in Globe, Arizona, USA for USD 60M, about SEK 630M

Skanska has secured a contract worth USD 60 million (approximately SEK 630 million) with BHP Copper Inc. for the Solitude buttress main civil works project at the Solitude Closure Tailings site in Globe, Arizona.

Rhea-AI Summary

Skanska has secured a contract worth USD 60 million (approximately SEK 630 million) with BHP Copper Inc. for the Solitude buttress main civil works project at the Solitude Closure Tailings site in Globe, Arizona. This contract will be included in the US order bookings for Q1 2023.

The project aims to enhance the stabilization of a historic tailings embankment and mitigate potential risks of dam slope failures, aligning with international safety standards set by key regulatory bodies.

Construction is set to begin in April 2023 and is expected to be completed by March 2025.

Positive

• Contract value of USD 60 million contributes to financial stability.
• Enhances site safety by meeting international standards.
• Construction timeline is clear, indicating project management efficiency.

Negative

• None.

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STOCKHOLM, April 11, 2023 /PRNewswire/ -- Skanska has signed a contract with mining company BHP Copper Inc., to construct the Solitude buttress main civil works project at the Solitude Closure Tailings site in Globe, Arizona, USA. The total contract value is worth USD 60M, about SEK 630M, which will be included in the US order bookings for the first quarter of 2023.

The project includes improving the stabilization of a historic tailings embankment while eliminating the potential for future dam slope failure-related risks from natural disasters. It will improve the site to meet international safety standards and requirements established by the Canadian Dam Association and Global Industry Standard on Tailings Management.

Construction will commence in April 2023 and expected completion is March 2025.

For further information please contact:
Meghan Carvalho,
Communications Manager,
Skanska USA,
+1 (951) 675-2337

Andreas Joons,
Press Officer,
Skanska AB,
tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

The following files are available for download:

https://mb.cision.com/Main/95/3748593/1974727.pdf

20230411 US Solitude Tailings Buttress

 

View original content:https://www.prnewswire.com/news-releases/skanska-builds-solitude-tailings-buttress-in-globe-arizona-usa-for-usd-60m-about-sek-630m-301794050.html

SOURCE Skanska

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of the contract signed by Skanska with BHP Copper Inc.?

The contract is valued at USD 60 million, approximately SEK 630 million.

When is the construction of the Solitude buttress project expected to start?

Construction is expected to commence in April 2023.

What are the safety standards being implemented in the Solitude project?

The project will meet the international safety requirements established by the Canadian Dam Association and Global Industry Standard on Tailings Management.

When is the expected completion date for the Solitude buttress project?

The project is expected to be completed by March 2025.

How will the contract with BHP Copper Inc. impact Skanska's Q1 2023 order bookings?

The contract will be included in Skanska's US order bookings for the first quarter of 2023.