EPCM CONTRACT – Aker Kvaerner wins share of Boddington gold project

AUSTRALIA - AKER KVAERNER in joint venture with CLOUGH MURRAY & ROBERTS has been awarded a contract for the expansion of the Boddington gold mine, located 130 km southeast of Perth, Western Australia. The contract value is A$111.0 million (Cdn$94.2 million), of which Aker Kvaerner's scope is about 60%. The award follows the successful completion of the pre-engineering contract of A$4.0 million.

The work is expected to be completed late in 2008 and includes engineering design, procurement and construction management (EPCM). The previous, largely oxide operation is being expanded to treat primary ore at a rate of approximately 35 million tonnes of ore per year producing around 850,000 oz of gold and 200,000 tonnes of copper concentrate. The Boddington mine is owned by NEWMONT MINING CORP. (44.4%), ANGLO GOLD (33.3%) and NEWCREST MINING (22.2%). Complete information about the project and its expansion is available at www.Newmont.com.