Oct. 12, 2009 (Business Wire) -- Fluor Corporation (NYSE: FLR) announced today that it was awarded the Project Management Institute’s (PMI) 2009 Project of the Year Award for work performed on Newmont Mining Corporation’s (NYSE: NEM) 242 megawatt (MW) TS Power Plant project in Northern Nevada. The TS Power Plant supports Newmont Nevada’s gold mining operations. Fluor’s scope of work for Newmont included planning, engineering and executing the project from 2004 to 2008. PMI’s Project of the Year Award is the organization’s highest honor and it is widely recognized as the world’s leading membership association for the project management profession.

Following an extensive screening process, Fluor’s TS Power Plant project for Newmont was selected from among hundreds of high profile, complex projects completed around the globe. The award was presented to Fluor executives, project team and representatives from Newmont on October 10 during PMI’s 2009 Global Congress in Orlando, Fla.

Beginning in July 2004, Newmont contracted with Fluor for the engineering, procurement, construction and commissioning of the 242 MW coal-fired power plant as well as a 100-acre evaporation pond; five-mile railway spur; five-mile electricity transmission line to connect to the grid; three-mile raw water pipeline; and a railway switchyard. The completed plant was expected to reduce Newmont’s electrical power costs by approximately $70 million per year.

“At Fluor, we feel that project management is one of our key differentiators in the marketplace. To be recognized by PMI and our peers for a second time in three years is a testament to the way our teams execute with excellence,” said Fluor Corporation’s chairman and chief executive officer Alan Boeckmann. “We are honored that our client, Newmont Mining, would think enough of our work to support our nomination for this prestigious award. This recognition is a tribute to the hard work, dedication and innovation of the combined Newmont/Fluor team.

Newmont's Executive Vice President for Discovery & Development, Guy Lansdown, said, "In addition to being one of the most environmentally responsible coal-based power plants in the nation, the TS Power Plant's construction was a model for worker safety.