MELBOURNE--Jacobs Engineering Group Inc. (JEC)--the engineering, procurement and construction management contractor for BHP Billiton Ltd.'s (BHP) multi-billion dollar project to expand its Olympic Dam copper-gold mine in Australia--has laid off several workers after its contract expired, the Australian Financial Review reported Tuesday.
The newspaper said the company completed a final feasibility study on the expansion project in May and had been retained to help refine the study and a submission to the board of BHP Billiton outlining the economics of the business case for approving the project.
It reported that retaining Jacobs could no longer be justified pending the board decision, which BHP Billiton Chief Executive Marius Kloppers recently indicated may not receive board approval before December.
A spokeswoman for the Australian unit of Jacobs said it is company policy not to discuss specific projects or clients. Spokespeople for BHP Billiton weren't immediately available to comment.
Newspaper website: http://www.afr.com
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July 23, 2012 19:50 ET (23:50 GMT)
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