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December 3, 2013
Foster Wheeler awarded contract for molybdenum refinery in Chile
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for engineering, procurement and related services for a grassroots molybdenum refinery in Chile. The contract was awarded by MOLYB Ltda., an affiliate company of Codelco, the Chilean Copper Corp. — the world's largest copper producing company and a leading molybdenum concentrate producer. The new facility, planned to be one of the largest of its kind, will be located near Mejillones in northern Chile.
The terms of the award were not disclosed and the contract value was included in the company's third-quarter 2013 bookings.
Foster Wheeler will undertake detailed engineering and provide procurement assistance and field engineering services for the new refinery, which is planned to process and refine 16,000 metric tons per year (m.t./yr) of molybdenum feedstock, obtained from various Codelco copper concentrator plants, expected to yield molybdenum as well as copper, rhenium and sulfuric acid as by-products. Molybdenum and rhenium are used in electronics, special steels, petroleum refineries and the aerospace industry. Foster Wheeler’s scope of work is scheduled to be completed during the second quarter of 2015.