PASADENA, Calif., April 19, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Masan Resources Corporation for a major mining and minerals project in Vietnam. Masan Resources Corporation is a subsidiary of Masan Group Corporation.
The contract value is estimated at USD21.8 million. Jacobs' offices in Brisbane, Australia are executing the project work with detailed engineering support from its Mumbai office.
The scope of services for the project includes engineering and procurement for a new minerals processing facility at a poly-metallic (tungsten, bismuth, fluorspar, copper and gold) deposit, which will be mined using conventional open-pit methods and equipment. The project is located approximately 50 miles northwest of Hanoi, in the Dai Tu District of Thai Nguyen Province of Northern Vietnam.
In making the announcement, Jacobs Executive Vice President Gary Mandel said, "This opportunity highlights Jacobs' global breadth and strength in bringing together our skills and experience from different locations to execute a major mining and minerals project."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.