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Aecon awarded approximately $275 million in mining and energy contracts

Oct 21, 2014

Regina, Saskatchewan – October 21, 2014: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded approximately $275 million in mining and energy contracts for K+S Potash Canada for work on their Legacy mining project in Saskatchewan, and for North West Redwater (NWR) Partnership for work on the NWR Sturgeon Refinery project in Alberta.   

The K+S mining contract for approximately $200 million involves mechanical, piping, electrical and instrumentation work for the North Tank Farm and Evaporator, Crystallization and Clarifier Plant portion of the project.  Work is scheduled to begin in December 2014 with expected completion in the second half of 2016. 

Aecon has previously been awarded several contracts by K+S Potash Canada for early cavern development work, well pad construction, and structural steel work on the Legacy mining project.

Aecon’s Energy segment was also awarded a $75 million contract by North West Redwater Partnership for structural steel erection, fabrication and module assembly work for interconnecting pipe racks at the NWR Sturgeon Refinery in Sturgeon County, Alberta. Work is expected to be complete in the fourth quarter of 2015.

“We are pleased to continue our work with K+S Potash Canada, a leader in the potash sector and a valued client, and pleased to be working on the Sturgeon Refinery project,” said Teri McKibbon, Aecon’s President & Chief Executive Officer.

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.