The Babcock & Wilcox Company to Supply Boiler and Environmental Equipment for New Nevada Power Plant.

BARBERTON, Ohio -- The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc., has received a contract valued at more than $40 million from Fluor Enterprises, Inc., to provide a 220-megawatt (MW) coal-fired boiler and associated environmental equipment for a new power plant to be built in Nevada, subject to Newmont Board and permit approvals. E[acute accent]The TS Power Plant, which will be owned by Newmont Nevada Energy Investment LLC, will supply electricity for Newmont Mining Corporation's operations in northern Nevada. Located approximately three miles north of Dunphy, Nevada, the plant is expected to go online before summer 2008. E[acute accent]B&W's project scope includes the engineering, design and supply of a 220 MW pulverized coal-fired Radiant Boiler, including 18 DRB-4Z(TM) Burners with igniters; two primary, two forced draft, two induced draft, and two seal air fans with motors; steam drum and internals; primary, platen and secondary superheaters; reheater and economizer; regenerative air heater; two steam coil air heaters; HydroJets and sootblowers. B&W also will design and supply a selective catalytic reduction system and associated auxiliary equipment, including all flues from the economizer outlet to the air heater inlet, and will provide technical assistance on construction, start-up, commissioning and training. E[acute accent]Engineering has already begun at B&W's headquarters in Barberton, Ohio. B&W's subsidiary in Cambridge, Ontario, Canada will fabricate the boiler drum, downcomers and several large headers. The majority of the pressure parts will be fabricated by B&W's joint venture, Babcock & Wilcox Beijing Company, Ltd. (BWBC), in China. E[acute accent]Materials shipment is slated for summer 2006, with final shipment by early 2007. E[acute accent]Fluor Enterprises, Inc., which is serving as the engineer-procure-construct contractor for the power plant project, is a subsidiary of Fluor Corporation (NYSE:FLR). Fluor provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, California, Fluor is a FORTUNE 500 company with revenues of $10 billion in 2004. Complete information about Fluor is available through the company's Internet site at www.fluor.com. E[acute accent]Newmont Mining Corporation (NYSE:NEM) (ASX:NEM) (TSX:NMC) is the world's largest gold producer with significant assets or operations on five continents. Newmont is also engaged in the exploration for and acquisition of gold properties in some of the world's best gold districts. In addition, Newmont is the world's largest private sector precious metals royalty owner. E[acute accent]The Babcock & Wilcox Company is a subsidiary of McDermott International, Inc., a leading worldwide energy services company. McDermott subsidiaries manufacture steam-generating equipment, environmental equipment, and products for the U.S. government. They also provide engineering and construction services for the offshore oil and natural gas industries. The Babcock & Wilcox Company is headquartered in Barberton, Ohio, USA, and is located on the Internet at www.babcock.com.