Market Overview

Fluor to Design and Build Quellaveco Copper Project in Peru

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Fluor
Corporation
(NYSE:FLR) announced today it has received the full
notice to proceed for the engineering, procurement and construction
management of Anglo American's Quellaveco copper project in the Moquegua
region in the south of Peru. Fluor will book the undisclosed contract
value in the third quarter of 2018.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180808005066/en/

Anglo American's Quellaveco copper mine in the Moquegua region in the south of Peru (Graphic: Busine ...

Anglo American's Quellaveco copper mine in the Moquegua region in the south of Peru (Graphic: Business Wire)

"As one of the world's largest undeveloped copper deposits and one of
the largest projects in Peru, Quellaveco will be a flagship project for
Fluor, our client and the local community," said Tony
Morgan
, president of Fluor's Mining & Metals business. "Since
completing the feasibility report, we have worked tirelessly with Anglo
American to ensure the project is fully ready for execution. We are very
proud of the work we've done together and look forward to making
Quellaveco the best performing asset in Anglo American's impressive
portfolio of operations."

The project will be an open pit mine that will process 127,500
tonnes-per-day of ore via conventional crushing, grinding and flotation
technology to produce 300,000 tonnes of copper per year. First copper
production is expected in 2022.

The majority of work takes place at an elevation of 3,000 meters (9,842
ft.) above sea level. Fluor will pre-assemble certain structures to
improve safety and quality by increasing the amount of work in a
controlled environment at lower elevations.

Fluor has been responsible for early site infrastructure development
since 2014.

About Fluor Corporation

Founded in 1912, Fluor
Corporation
(NYSE:FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that transforms the
world by building prosperity and empowering progress. Fluor serves its
clients by designing, building and maintaining safe, well executed,
capital-efficient projects around the world. With headquarters in
Irving, Texas, Fluor ranks 153 on the Fortune 500 list with
revenue of $19.5 billion in 2017 and has more than 56,000 employees
worldwide. For more information, please visit www.fluor.com
or follow Fluor on Facebook,
Twitter,
LinkedIn
and YouTube.

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