Fluor Corporation announced on December 9, 2025 that Teck Resources has awarded the company the Highland Valley Copper Mine Life Extension (HVC MLE) project in British Columbia. The contract will extend the mine’s operating life from 2028 to 2046 and provides engineering, procurement and integrated construction management services for upgrades to conveying, grinding, flotation, plant facilities, electrical systems and off‑site utilities.
The HVC MLE is a brownfield extension of Teck’s wholly owned Highland Valley Copper Operations and is expected to create roughly 2,900 local jobs during construction. Fluor’s role involves redesigning and upgrading key plant components to increase capacity and improve efficiency, positioning the mine to meet the growing global demand for copper as a critical mineral in the energy transition.
The award represents a significant new revenue stream for Fluor’s Mining & Metals segment and reinforces the company’s strategy to win large, long‑term contracts in the critical minerals space. The project is expected to add to Fluor’s backlog of $28.2 billion, of which 82 % is reimbursable, and to strengthen its cash‑flow profile in the coming years.
Fluor’s Q3 2025 earnings, released on November 7, 2025, provide context for the contract win. The company reported an adjusted EPS of $0.68, beating analyst expectations of $0.46 by $0.22 (a 48 % beat) largely due to strict cost controls that preserved margins despite a 4 % revenue decline to $3.4 billion. The revenue miss was driven by a $653 million reversal related to the Santos ruling, a one‑time charge that did not affect operating performance. In response, management raised its 2025 guidance for adjusted EPS to $2.10–$2.25 and adjusted EBITDA to $510–$540 million, signaling confidence in continued execution and the value of new long‑term contracts like HVC MLE.
Analysts noted the EPS beat and the upward guidance adjustment as positive indicators of Fluor’s execution discipline and strategic focus on high‑complexity, reimbursable projects. The contract win, combined with the company’s strong backlog and cash‑flow outlook, reinforces the view that Fluor is well positioned to capture growth in the critical minerals sector.
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