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| SNC-Lavalin awarded modernization project in Serbia Canada's SNC-Lavalin announced that it has been awarded an engineering, procurement and construction contract by Rudarsko - Topionicarski Basen Bor Grupa (RTB-Bor) for the modernization of its existing copper smelting complex in Eastern Serbia. SNC-Lavalin's portion of the contract is worth approximately CAN$215 million. The contract was signed in June, 2010, following the successful completion of a feasibility study by SNC-Lavalin. The contract is now fully effective following the closing of financing for the project provided by Export Development Canada and arranged through SNC-Lavalin Capital. The copper smelter upgrade will include a new flash furnace, sulphuric acid plant and effluent treatment plant, and upgrading of the existing facility's key process areas. When the project is completed, the new facility will provide RTB-Bor with 80,000 tpy of copper anode while reducing liquid and gaseous emission levels to European standards. Work has begun and the project is scheduled for completion in late 2013. RTB-Bor is a Serbian state-owned mining company and this project is part of a larger initiative of the Government of Serbia to improve environmental conditions and assist in economic recovery in the region. This follows a recent World Bank financing to remediate historical environmental issues. write your comments about the article :: © 2011 Construction News :: home page |