Jacobs Receives Underground Materials Handling Contract for Newcrest's Cadia Expansion Study
DALLAS, March 5, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) has been awarded a contract by Newcrest Mining Limited to provide underground materials handling services as part of the Cadia expansion feasibility study for one of Australia's largest gold mining operations located in New South Wales. This contract award builds on Jacobs' mining and minerals business and long history of working with Newcrest across the company's Cadia Valley operations.
"During the previous study phase, our mining and minerals experts helped identify a low capital intensity solution as part of an integrated team," said Jacobs Mining, Minerals and Technology Senior Vice President Andrew Berryman. "By embracing an owners' mindset and applying our experience in underground mining, materials handling and expansion projects, our integrated approach has the potential to deliver an impressive return on capital for Newcrest."
Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects, including operating mines in Australia, Papua New Guinea (PNG) and Indonesia. Jacobs has been supporting brownfield and greenfield projects across Newcrest's mining sites for more than 20 years.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2018 revenue and a talent force of more than 80,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the fiscal year ended September 28, 2018, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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