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Inmet awards pre-strip contract for Cobre Panama

Friday, December 28, 2012

Canada-based Inmet Mining said that its subsidiary, Minera Panama has awarded the Cobre Panama mine pre-stripping contract to a joint venture of Salini and Impregilo.

The scope of work includes the pre-stripping of the Botija pit including the development of a rock quarry within the pit, development and maintenance of waste dumps, sediment control structures, haul routes and pads and platforms for ancillary facilities.

With this award, commitments for the development of Cobre Panama now amount to US $4.1 billion of the total estimated capital cost of US $6.2 billion.

Source: Marketwire (press release)