Washington Group Unit Wins Five-Year Contract to Operate Agrium Phosphate Mine in Canada.Business Editors BOISE, Idaho--(BUSINESS WIRE)--April 10, 2003 Washington Group International, Inc. (Nasdaq:WGII WGII Washington Group International Inc (stock symbol) ) announced today that its Canadian subsidiary, Northern Construction Company Ltd., has been awarded a five-year contract to operate the Kapuskasing Phosphate phosphate, salt or ester of phosphoric acid, H3PO4. Because phosphoric acid is tribasic (having three replaceable hydrogen atoms), it forms monophosphate, diphosphate, and triphosphate salts in which one, two, or three of the hydrogens of the Mine of Agrium Inc. The mine is located in Kapuskasing, Ontario, Canada. Washington Group will assume mining operations on July 1, 2003. Production will average 2.2 million tons of phosphate ore with associated excavation excavation In archaeology, the exposure, recording, and recovery of buried material remains. The techniques employed vary by the type of site, but all forms of archaeological excavation require great skill and careful preparation. of clay and rock. "We are delighted to continue our relationship with Agrium," said Stephen G. Hanks Noun 1. Hanks - United States film actor (born in 1956) Thomas J. Hanks, Tom Hanks , president and chief executive officer of Washington Group. "We have been operating Agrium's Rasmussen Ridge phosphate mine in southeastern Idaho since 1998. This new contract attests to the dedication and consistent strong performance of our people at the Idaho mine and their responsiveness in meeting our client's needs." Agrium Inc. is a leading global producer and marketer of agricultural nutrients and industrial products and a major retail supplier of agricultural products and services in both North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Argentina. Agrium produces and markets three primary groups of agricultural nutrients and industrial products: nitrogen, phosphate, and potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. . Washington Group produces approximately 1.9 million tons of ore annually for Agrium at the Idaho mine. Washington Group's mining business unit has nearly 60 years of experience in the engineering, construction, and operation of mines, metals/minerals processing facilities, and project infrastructure. The unit designs, builds, and operates mining and minerals processing facilities worldwide and provides contract mining services for metals and industrial minerals projects. Washington Group International, Inc. provides the talent, innovation, and proven performance to deliver integrated engineering Integrated Engineering is a multi-disciplinary, design project based engineering degree program. Integrated Engnineering is a program created to meet the demand for engineers who are able to deal with a wide range of problems, often involving knowledge from several , construction, and management solutions for businesses and governments worldwide. With approximately 30,000 employees at work in over 40 states and more than 30 countries, the company offers a full life-cycle of services as a preferred provider of premier science, engineering, construction, operations, maintenance, program management, and development services in 14 major markets. Markets Served Energy, environmental, government, heavy-civil, industrial, mining, nuclear-services, operations and maintenance, petroleum and chemicals, process, pulp and paper, telecommunications, transportation, and water-resources. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Such forward-looking statements are necessarily based on various assumptions and estimates and are inherently subject to various risks and uncertainties, including risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the possible invalidity of the underlying assumptions and estimates and possible changes or developments in social, economic, business industry, market, legal, and regulatory circumstances and conditions and actions taken or omitted to be taken by third parties, including the corporation's customers, suppliers, business partners, and competitors and legislative, regulatory, judicial, and other governmental authorities and officials. |
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