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CNEC WorleyParsons has reached an agreement with MMX Mineração e Metálicos S.A (“MMX”) to provide professional services to support the expansion of the Serra Azul iron ore mining unit in Minas Gerais state, southeast Brazil. The Serra Azul Expansion Project (“Project”) includes a new iron ore processing plant with a connecting 10km conveyor belt to the proposed new railroad terminal. Under the contract, CNEC WorleyParsons will provide engineering, procurement and construction management services to the Project. The contract will provide WorleyParsons with estimated gross revenue of USD $150 million.
Contract for the Serra Azul Expansion Project
In early 2010, WorleyParsons acquired CNEC Engenharia SA, the stand alone engineering and project management operation formerly of the Camargo Correa E&C division.
WorleyParsons’ Chief Executive Officer, John Grill, commented: “CNEC WorleyParsons is very pleased to work with MMX through the provision of professional services to the Serra Azul Expansion project.”
