Vale awards $600M contract for Long Harbour
Vale (VALE-N) has awarded a two-year, $600-million contract to KBAC Constructors to provide mechanical, piping, electrical and instrumentation services for the construction of the Long Harbour processing plant in Newfoundland and Labrador.
“The mechanical, piping, electrical and instrumentation services contract is the largest single contract that we have awarded to date on the Long Harbour construction project, and one of the largest supplier contracts awarded at Vale,” John Pollesel, COO of Vale’s base metals business in North Atlantic, said in a statement.
“The partners in the KBAC partnership have been working with us over the last year, and we are very pleased to see them come together in a partnership to work on this part of the project.”
The construction program at Long Harbour is a part of Vale’s $10-billion capital investment program in Canada, first announced in November 2010. The Long Harbour project represents a US$2.8- billion investment by Vale in a processing plant that will use hydrometallurgical technology developed by Vale in Canada, with support from Industry Canada’s Technology Partnerships program.
Vale says the Long Harbour processing plant will generate 10 million person-years of employment during the construction phase, with completion expected in February 2013.
Once in operation, the Long Harbour Processing plant will be permanent.
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