Toronto, ON – April 17, 2015: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded two contracts valued at approximately $110 million for work in Aecon’s Mining segment.
Aecon has been awarded a contract by K+S Potash Canada for additional work on their Legacy mining project in Saskatchewan. The scope of work awarded includes installation of process mechanical equipment, piping, electrical and instrumentation systems for the storage load-out building. Work will begin in the second quarter of 2015 and is expected to be complete in the second quarter of 2016. This new contract is in addition to work previously awarded to Aecon by K+S Potash Canada for mechanical, piping, electrical and instrumentation systems for the North Tank Farm and for the Evaporator, Crystallization and Clarifier Plant portion of the Legacy project.
Under the terms of the second contract, Aecon will perform general site services at Vale Newfoundland & Labrador Limited’s Long Harbour processing plant. Work commenced in the first quarter of 2015 and is expected to be complete in the first quarter of 2016.
“Aecon’s Mining segment continues to build on its strong backlog of work with these two important contracts,” says Teri McKibbon, President and CEO, Aecon Group Inc. “We are pleased to continue our work with K+S Potash Canada and Vale Newfoundland & Labrador Limited – both leaders in their respective industries.”
Aecon Group Inc. is a Canadian leader in construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon is pleased to be consistently recognized as one of the Best Employers in Canada.