Fluor awarded new mining contracts at Barrick Gold's Pasca-Lama site Fluor (FLR) announced that the company was awarded a series of follow-on contracts from Toronto-based Barrick Gold (ABX) for new scopes of work at the Pascua-Lama mining project located on the Argentina/Chile border. Fluor booked the undisclosed value into backlog in 4Q12. The new scopes of work included in the award are for overall project management and construction management for the Pascua location on the Chile side of the site, as well as construction management and construction for the Lama location on the Argentina side. The latter two scopes are part of a 50/50 joint venture with Argentinian contractor Techint.
Zambia to increase royalties on open-pit mines, WSJ says The Finance Ministry of Zambia said it plans to more than triple royalties on open-pit copper mines, says the Wall Street Journal. Mining companies with open-pit mines in Zambia include Canada’s Barrick Gold (ABX) and First Quantum Minerals, added the Wall Street Journal. Reference Link