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Aecon awarded mining project for Fort Hills oil sands project

Jun 23, 2014

Edmonton, Alberta – June 23, 2014: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded a mining contract with an estimated value of $123 million by Fort Hills Energy L.P. for mining site development at the Fort Hills oil sands project in Alberta.

Work will commence later this month, and is expected to be complete in the second quarter of 2016. 

“We are very pleased to work with Fort Hills and its Operator, Suncor Energy Operating Inc.  Suncor is a long-time, valued client,” said Teri McKibbon, Aecon’s President & Chief Executive Officer.  “Aecon has recently announced three key mining contracts – a solid foundation of backlog for the Mining segment as we enter the second half of the year, and further utilization of our mining fleet of equipment.”

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.