EDMONTON, June 23, 2014 /CNW/ - Aecon Group Inc. (TSX:
ARE) announced today that it has been awarded a mining contract
with an estimated value of $123
million by Fort Hills Energy L.P. for mining site
development at the Fort Hills oil sands project in
Alberta.
Work will commence later this month, and is expected to be
complete in the second quarter of 2016.
"We are very pleased to work with Fort Hills and its Operator,
Suncor Energy Operating Inc. Suncor is a long-time, valued
client," said Teri McKibbon, Aecon's
President & Chief Executive Officer. "Aecon has recently
announced three key mining contracts – a solid foundation of
backlog for the Mining segment as we enter the second half of the
year, and further utilization of our mining fleet of
equipment."
Aecon Group Inc. is a Canadian leader in construction and
infrastructure development providing integrated turnkey services to
private and public sector clients. Aecon is pleased to be
consistently recognized as one of the Best Employers in
Canada.
The information in this press release includes certain
forward-looking statements. These "forward-looking" statements are
based on currently available competitive, financial and economic
data and operating plans but are subject to risks and
uncertainties. In addition to events beyond Aecon's control,
there are factors which could cause actual or future results,
performance or achievements to differ materially from those
expressed or inferred herein including, but not limited to: the
timing of projects, unanticipated costs and expenses, general
market and industry conditions and operational and reputational
risks, including Large Project Risk and Contractual Factors.
Readers are referred to the specific risk factors relating to and
affecting Aecon's business and operations as filed by Aecon
pursuant to applicable securities laws. Forward-looking
statements may include, without limitation, statements regarding
the operations, business, performance, prospects, strategies and
outlook for Aecon. Forward-looking statements, may in some
cases be identified by words such as "will," "plans," "believes,"
"expects," "anticipates," "estimates," "projects," "intends,"
"should" or the negative of these terms, or similar
expressions. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and Aecon undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Aecon Group Inc.