NAEP Wins Two New Contracts Totaling $128m

The first contract with the Joslyn North Mine Project is for the initial earthworks at the project site north of Fort McMurray. The work, to be completed over a period of about 12 months, will commence in November 2011.

Work under the contract involves clearing the site and establishing access (roads, drainage etc.) in preparation for the planned future construction of the mine and extraction facility.

Rod Ruston, president and CEO of NAEP, said: “We were very pleased to have been awarded this initial phase in the construction of the Joslyn North Mine Project. We intend to use this opportunity to further demonstrate our extensive oil sands construction capabilities and to build on our successful track record of executing projects in a manner that meets our client's expectations with respect to safety, environmental management, quality and cost.”

The second contract is for work at the Mt. Milligan Copper/Gold Project in northern British Columbia and covers the erection of more than 7,000 tonnes of structural steel as well as the installation of cladding, insulated roofing panels, cranes and lighting for new mill concentrator facilities at the mine.

Mr Ruston said: “Work on this contract will begin in November 2011 and is targeted to be completed by fall 2012. The work will be carried out by a combination of NAEP personnel and specialized subcontractors. Our new contract at the Mt. Milligan Copper/Gold Project is significant since it is an expansion of our industrial capabilities into above-ground construction.”

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