AMEC joint venture selected for Canadian coppergold mine project

17/06/2010


London, United Kingdom (18 June 2010) "- AMEC, the international engineering and project management company, today announced that Terrane Metals Corp. has chosen British Columbia Mining Joint Venture (BCMJV), a 50:50 joint venture between Fluor and AMEC, to provide engineering, procurement and construction management (EPCm) services for Terrane's 100 percent-owned Mt. Milligan copper-gold project in Canada.

AMEC has not announced the value of the work.

The Mt. Milligan project, which overall will cost Cdn$915 million, is located approximately 150 kilometres northwest of Prince George, British Columbia and will provide about 400 direct permanent jobs and significant long-term economic benefits for the region.

BCMJV will provide EPCm services for a 60,000 tonnes per day copper flotation process plant, tailings storage facility, ancillary plant facilities, 92 kilometres of electric power transmission lines and a 600-person construction camp in the remote location.

"With the selection of AMEC and Fluor as our EPCm contractors, we have secured the services of an outstanding British Columbia-based engineering, design and construction management team," said Robert Pease, president and chief executive officer of Terrane. "This team has earned global recognition, from mine builders and mine lenders alike, for their ability to deliver large-scale projects like Mt. Milligan on-schedule and on-budget".

"I am delighted that our track record of successful partnership with Fluor, and our proven ability to successfully deliver large projects of similar scope for our customers has led to this award," said Bob Stanlake, President of AMEC's Mining & Metals business. "As the largest engineering company in British Columbia, our significant local presence and know-how, coupled with our global expertise is a major factor in this award and I look forward to the successful delivery."

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