05/23/2012 | Editor: Marcel Dröttboom
A joint venture led by SNC-Lavalin, and including GyM and Techint International Construction, has received Full Notice to Proceed from Minera Panama, a subsidiary of Inmet Mining of Canada, for a contract to provide EPCM services for the project infrastructure component of the Cobre Panama copper mine in Panama.
Montreal (QC), Canada – The joint venture’s (SNC-Lavalin 70 per cent, GyM 15 per cent, Techint 15 per cent) scope of services is approximately USD 355 million in fees, and covers project infrastructure estimated at USD 3.2 billion. The overall capital cost of the project is estimated at USD 6.2 billion.
The detailed engineering, procurement and construction management (EPCM) contract covers infrastructure related to an open pit mine: supporting infrastructure related to concentrator and processing facilities, transmission lines, roads, bridges, camps and port facilities.
Detailed engineering and procurement will commence immediately and infrastructure construction activities are already in progress at the site. The project is scheduled to be operational in 2016, and the mine is expected to have a life of approximately 30 years.
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