Fluor Corporation Wins PMI’s 2009 Project of the Year Award

Orlando, Fla., 20 Oct. 2009 – Fluor Corporation (NYSE: FLR), a company that designs, builds and maintains projects for governments and clients in diverse industries around the world, has been honored by Project Management Institute (PMI) as the winner of the Project of the Year Award for their engineering, procurement, construction and commissioning of Newmont Mining Corporation’s (NYSE: NEM) TS Power Plant (TSPP) near Dunphy, Nev.  The award recognizes the accomplishments of a project and the involved project team for superior performance and execution of exemplary project management.

Commissioned and managed by Newmont Nevada Energy Enterprises, Ltd., a wholly owned subsidiary of Newmont Mining Corporation, the TSPP started commercial operations on May 1, 2008.  This facility, one of the first in a line of new coal-fired power facilities going into commercial operation, has exceeded the planned performance guarantees resulting in significant fuel savings to Newmont that will be realized over the life of the facility.  In addition, actual plant output exceeded the contractual output.

Newmont’s TSPP facility recycles a significant amount of water, thereby maximizing water utilization and minimizing waste.  The facility also incorporates large evaporation ponds to allow it to be a zero liquid discharge plant.  Moreover, during the entire tenure of the construction project, there were no environmental citations of any type.

“At Fluor, we feel that project management is one of our key differentiators and to be recognized by PMI and our peers for a second time in three years is a testament to the way our teams execute with excellence,” said Fluor Corporation’s Chairman and CEO Alan Boeckmann. “We are honored that our client, Newmont Mining, would think enough of our work to support our nomination for this prestigious award.  This recognition is a tribute to hard work, dedication and innovation of the combined Newmont/Fluor team.”

Over the span of two years, more than three million safe hours were completed without a lost time accident.  In recognition of outstanding safety and health efforts on the project, the TSPP was awarded a “Safe Partner Award” by the State of Nevada.

The project was completed two months ahead of schedule. Project managers for the system upgrade incorporated concepts outlined in A Guide to the Project Management Body of Knowledge (PMBOK^® Guide), the global standard for project management published by PMI.  Mr. Boeckmann and the Fluor team were presented with the PMI Project of the Year Award on 10 October during the PMI Awards Ceremony at PMI^® Global Congress 2009-North America in Orlando.