AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been awarded a contract by Public Services and Procurement Canada on behalf of Crown-Indigenous Relations and Northern Affairs Canada to perform remediation plan design and quality assurance support services for the Faro Mine Remediation Project. In this role, AECOM will work with the Government of Canada, affected First Nations, and additional consultants and partners to deliver environmental remediation services for Faro Mine, one of the most complex abandoned mine clean-up projects in Canada. AECOM’s contract will run through March 2024 with possible extensions.
“Our team has been involved in the Faro Mine remediation for over fifteen years and we’re enormously honored to expand our partnership with the Government of Canada to help deliver this critical work, protecting our environment and restoring traditional territory for the surrounding communities,” said Marc Devlin, chief executive of AECOM’s Canada region. “I’m particularly pleased this work will be performed with the support of the Ross River Dena Council, allowing us to continue to provide Indigenous opportunities and initiatives to the community. We’re excited to be a part of another pivotal project in Canada’s history.”
AECOM and its partners will provide engineering services for an overall “stabilize-in-place” remediation approach, including decommissioning, removing mine infrastructure, and managing contaminated and treated water. The project’s key objectives are to protect human health and safety; safeguard the environment, including land, air, water, fish, and wildlife; maximize local and Yukon socioeconomic benefits; manage long-term site risk in a cost-effective manner; and return the mine site to an acceptable state of use that reflects pre-mine land use, where possible.
“Once the largest open pit lead-zinc mine in the world, safely and effectively addressing Faro Mine is vital to the environmental, socioeconomic, and human health of the area,” said Frank Sweet, chief executive of AECOM’s global Environment business. “As we continue to advance our Sustainable Legacies strategy, we’re proud to demonstrate our commitment to Northern Canada through our work on essential environmental remediation projects such as this. We’re thrilled to bring together a world class team with global resources, previous site experience, and unmatched technical expertise to hit the ground running on this crucial work.”
AECOM has assembled a team comprised of Tetra Tech, Okane, SRK, and Hemmera to support the project. Each organization has extensive experience at Faro Mine, bringing a collective capability, consistency, and continuity to the project to help mitigate risks and maximize solutions.
AECOM (NYSE: ACM), is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Senior Vice President, Global Communications
Senior Vice President, Finance, Treasurer