International engineering and construction firm Fluor Corp. of Irvine, Calif., has sold its stake in the Pea Ridge Iron Ore Co. to Big River Minerals for nearly $12 million. Based in Sullivan, Miss., the iron ore unit has been carried by Fluor as a discontinued operation since 1987. Pea Ridge operates an iron mine and pelletizing plant which produces iron pellets used in the production of steel. The sale will result in a non-recurring after- tax gain of less than 10 cents per share for Fluor in the third quarter ending July 31.
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