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Stock impact report

Reko Diq JV Shareholders Approve Project, Select Fluor as EPCM [Yahoo! Finance]

Fluor Corporation (FLR) 
Last fluor corporation earnings: 10/31 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.fluor.com/node/5806
Company Research Source: Yahoo! Finance
Diq Joint Venture shareholders have approved the project's updated Feasibility Study and conditionally approved the associated Phase 1 development capital subject to the closing of up to $3 billion limited recourse project financing, allowing the project to advance with major works in 2025, while maintaining the target for first production by the end of 2028. At the same time, the shareholders have selected Fluor Corporation as the lead Engineering, Procurement and Construction Management (EPCM) partner to work alongside the Barrick Owner's Team in the detailed design and construction of the project. Speaking from the Pakistan Minerals Investment Forum in Islamabad today, Barrick president and chief executive Mark Bristow said this important milestone reflected the support of the governments of Balochistan and Pakistan, in partnership with Barrick, to develop one of the world's largest undeveloped copper-gold projects. The project is located in the province of Balochistan, Pakista Show less Read more
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