SNC-Lavalin awarded EPCM contract by Stornoway Diamonds for Quebec's first diamond project

MONTREAL, July 21, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has signed a contract with Stornoway Diamonds (Canada) Inc. to provide project management, detailed engineering, procurement and construction management (EPCM) services for the Renard Diamond Project located in the James Bay region of Quebec, Canada. The capital cost related to SNC-Lavalin's scope of services is estimated at over $425 million.

SNC-Lavalin will provide EPCM services for the mineral processing plant, a liquid natural gas (LNG) power plant and other on-site utilities, including service buildings, water treatment facilities and infrastructure. SNC-Lavalin previously participated in the front-end engineering phase of the project which began in 2012.

"This award is testament to our project execution capabilities around the world, including regions where climatic conditions can be challenging," said Dale Clarke, Executive Vice-President, SNC-Lavalin Group Inc. "We are thrilled to support Stornoway Diamonds in the development of Quebec's first diamond mine, a project that will contribute to the success of the province's 'Plan Nord' economic development strategy."

Full mobilization of the Montreal-based project team has now commenced, and construction is scheduled to conclude by December 2016. The team will incorporate specialized diamond processing and recovery expertise through the engagement of DRA Americas Inc. and AMEC Americas Ltd.

Ore production at Renard is expected to exceed 2.16 million tonnes per year, with an anticipated average diamond production of 1.6 million carats per year.

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 40 countries, SNC-Lavalin's 30,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com

SOURCE: SNC-Lavalin