Fluor has won an EPCM contract from Debswana, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 diamond project. After successfully completing the feasibility study for the company earlier in 2009, Fluor was awarded the procurement and construction management phases of the project, valued at around $450 million in the last quarter of 2009. The project name ‘Cut 8′ refers to the current open-pit mine, which is being expanded to facilitate access to the kimberlite ore at greater depths. (more…)