Market Overview

Fluor Bauxite Project in Guinea Achieves First Ore

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Milestone achieved safely, on budget and on schedule

Fluor
Corporation
(NYSE:FLR) announced today that Compagnie des Bauxites
de Guinée (CBG) has achieved first ore at its Bauxite Production
Expansion Project in Kamsar, Guinea safely, on budget and on schedule.
Fluor is providing engineering, procurement and construction management
services on the project.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181119005421/en/

CBG Bauxite mine (Photo: Business Wire)

CBG Bauxite mine (Photo: Business Wire)

"From developing the local craft workforce to strengthening the economy,
this project will have a lasting positive impact on the Kamsar
community," said Tony
Morgan
, president of Fluor's Mining & Metals business. "Achieving
this milestone safely, on budget and on schedule is a testament to the
dedication and perseverance of the joint CBG and Fluor team."

The project is expanding bauxite production at the mine from 13.5 to
18.5 million tons per year. Fluor is responsible for the expansion of
the mine infrastructure, rail system, port facility and processing plant
infrastructure and utilities.

There were more than 1,500 craft workers on site at peak construction.
The project team focused on hiring a local workforce, which resulted in
Guinean workers representing nearly 75 percent of the workforce at site.
To align the workforce on safe work practices and create a safe work
culture at the site, Fluor developed a specialized safety program. The
project has worked more than 4 million hours without a lost-time
incident.

CBG is jointly owned by the Government of Guinea and the Halco Mining
consortium, which includes Alcoa, Rio Tinto and Dadco Investments.

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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