Joint venture awarded contract for Panama copper mine project

Contract provides engineering, procurement and construction services for infrastructure component of Panama Cobre Panama copper mine

May 22, 2012
by Purchasing b2b staff

MONTREAL: A joint venture led by SNC-Lavalin,  including GyM SA and Techint International Construction Corp has received full notice to proceed from Minera Panama SA, a subsidiary of Inmet Mining Corporation of Canada. The contract is to provide engineering, procurement and construction management (EPCM) services for the project infrastructure component of the Cobre Panama copper mine in Panama. The joint venture’s scope of services is roughly US$355 million, covering project infrastructure estimated at US$3.2 billion. The overall capital cost of the project is estimated at US$6.2 billion.

The 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.

“This is a tremendous opportunity for SNC-Lavalin to work with its joint venture partners, Inmet, MPSA and local stakeholders to design and build the project infrastructure for this world-class copper mine in Panama,” said Feroz Ashraf, executive vice-president, SNC-Lavalin Group Inc.

Detailed engineering and procurement will commence immediately and infrastructure construction activities are underway. The project is scheduled to be operational in 2016, while the mine is expected to have a life of about 30 years.