Colorado Set for $1.9 Billion in Fourth-Quarter Project Completions

Researched by Industrial Info Resources (Sugar Land, Texas)--Led by Metals & Minerals, Oil & Gas Pipelines and Power-related projects, Colorado could see as much as $1.9 billion in project completions in the upcoming quarter. In all, Industrial Info is tracking 30 projects that are set for completion in fourth-quarter 2016 in the Centennial State.

Click the image at right for a graph showing fourth-quarter project completions in Colorado by industry.

Only two mining projects are set for completion in the quarter, but the Victor Cresson Above-Ground Gold Heap Leach Mine Expansion & Mill Addition in Florissant is worth $585 million. As part of a long-term project by Newmont Mining Corporation (NYSE:NEM) (Denver) to extend the mine life of the existing 300,000-ounce-per-year operation to 2025, the open pit mine operation is being expanded to 27 million tons per year. The project includes construction of a 250-ton-per-hour high grade flotation mill to process 2 million tons per year of ore, as well as a leach facility to process 25 million tons per year of ore and an adsorption desorption recovery (ADR) facility. When finished, gold production will increase to 350,000 ounces per year.

Oil & Gas pipeline projects set for completion next quarter also are few in number but run high in investment value, totaling $465 million. Of the three projects, a section of NGL Energy Partners LP's (NYSE:NGL) (Tulsa, Oklahoma) Grand Mesa crude oil pipeline project at Lucerne is worth $320 million. Originating in Weld County, the 150,000-barrel-per-day pipeline extends 550 miles southeast to NGL's crude oil storage terminal at the Cushing hub in Oklahoma. For related information, see May 31, 2016, article - NGL Energy Partners Expects Colorado-to-Oklahoma Crude Pipeline to Start Deliveries in November.

The Power Industry comes in at third place, with fourth-quarter completion of seven projects worth $445 million. Chief among these is SunEdison LLC's (Maryland Heights, Missouri) $200 million Comanche PV (Photovoltaic) Solar Plant, which is located two miles south of Pueblo. The 120-MW facility will use 400,000 photovoltaic modules. SunEdison filed for Chapter 11 bankruptcy protection in April. NRG Energy (NYSE:NRG) (Houston, Texas) will acquire SunEdison's wind and solar projects in Texas, California, Hawaii, Maine, Texas, Utah and Washington. For related information, see September 15, 2016, article - SunEdison Sells Major Wind, Solar Projects to NRG Energy After Bankruptcy.

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