Alderon Iron Ore Corp. has entered into a definitive Engineering, Procurement and Construction Management Agreement with WorleyParsons Canada Services Ltd. through the Kami Mine Limited Partnership.
WorleyParsons will be the engineering, procurement and construction
management contractor for the development of the Kami Iron Ore Project. The budget for the EPCM Agreement with WorleyParsons is estimated at $92.5 million, which is consistent with the cost estimate set out in Alderon’s Feasibility Study for the Kami Project.
A request for expressions of interest was issued in May 2012 to 10 Engineering & Construction firms and following an extensive evaluation.
management contractor for the development of the Kami Iron Ore Project. The budget for the EPCM Agreement with WorleyParsons is estimated at $92.5 million, which is consistent with the cost estimate set out in Alderon’s Feasibility Study for the Kami Project.
A request for expressions of interest was issued in May 2012 to 10 Engineering & Construction firms and following an extensive evaluation.
Alderon announced in November 2012 that it had entered into an Interim Engineering and Planning Services Agreement with WorleyParsons, which allowed Alderon to continue to move ahead with detailed engineering. The EPCM Agreement replaces the Interim Agreement and provides the framework for all of the EPCM services that WorleyParsons will provide going forward.
“Alderon is looking forward to continuing to work with WorleyParsons and developing the Kami Project,” said President and CEO of Alderon, Tayfun Eldem. “We were impressed with their commitment to and performance in workplace health and safety along with their track record in successful execution of EPCM mega projects in the natural resources sector.”