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Fluor Daniel Wins 2 Major Contracts : Construction: Projects in Chile and Canada will bring in $460 million for Fluor Corp.’s principal subsidiary.

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TIMES STAFF WRITER

Fluor Daniel, the principal subsidiary of engineering and construction giant Fluor Corp., announced winning two major contracts Thursday with a total value of about $460 million.

In one of the lucrative contracts, valued at $300 million, Fluor Daniel will provide engineering and construction management services for a copper mine in Chile. Completion of the mine and processing facilities, which will produce 75,000 tons of refined copper per year, is scheduled for mid-1994.

The contract was awarded by a consortium of Canadian and Chilean companies--including Empresa Nacional de Mineria, a smelting and mining company owned by the Chilean government.

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Fluor Daniel also will modernize a 70-year-old mineral processing plant in Flin Flon, Manitoba, Canada. That project, worth $160 million, was awarded by Canadian-based Hudson Bay Mining and Smelting Co. Limited.

Fluor Daniel Wright, the mining and metallurgy unit of Fluor Daniel, will environmentally upgrade an existing copper smelter at the plant as well as install modern smelter and zinc extraction facilities. This project is scheduled for completion at the end of 1993.

“The upgrade will reduce the amount of sulfur discharged into the atmosphere by the facilities,” said Deborah Land, spokeswoman for Fluor Corp. “It is an environmentally driven project.”

Land described the contracts as “very significant.”

“The average size of our contracts is $25 million,” she said. “We are very pleased with both of these contracts.”

About 30% of Fluor’s contracts are with international clients--and that figure might increase this year, Land said. “Geographic diversity is one of the company’s focuses,” she said. “It gives you greater flexibility when you are not dependent on one economy.”

The contracts will add to Fluor’s current backlog of $11.5 billion in outstanding projects.

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Fluor’s stock closed at $42.75 a share on the New York Stock Exchange Thursday, up 62.5 cents.

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