|
contents | business | |||||||||
| SNC-Lavalin-led JV to execute services on Cobre Panama project Joint Venture Panama (JVP), a joint venture led by SNC-Lavalin (70%), along with partners GyM S.A. (a member of Graña y Montero Group) (15%) and Techint International Construction Corp. (15%), announced that it has been awarded a contract by Minera Panama SA (MPSA), a 100% owned subsidiary of Inmet Mining Corporation of Canada, to provide, initially, the basic engineering followed by engineering, procurement and construction management (EPCM) services for the development of the Cobre Panama copper mine project in Panama. Preliminary engineering studies have estimated the capital cost of the project at over US$4.0 billion. The Cobre Panama project involves an open pit mine; ore crushing, conveying and stockpiling facilities; concentrator and processing facilities; and ancillary systems and equipment including a tailings management facility (TMF), access roads, a utility corridor, power transmission and distribution lines, a filter plant, a concentrate storage facility, offshore dock marine facilities and a port. The process throughput initially will be a nominal 150,000 t/d increasing to a nominal 225,000 t/d from year 10. The mine life is expected to be 30 years. The EPCM contract commences with basic engineering for all facilities except the power plant. Following basic engineering, and subject to permitting, close of finance and investment approval by the client, the contract comprises full detailed engineering, procurement and construction management for all facilities excluding the process plant which will be completed under a separate competitive procurement process leading to an EPC contract. The process plant EPC contract will be awarded as a separate package at the end of the basic engineering phase in the first quarter of 2012 and SNC-Lavalin and its JV partners will be one of the bidders. Basic engineering will commence immediately in our Toronto office, with construction scheduled to commence late in 2011 or early in 2012. The project is scheduled to be operational in 2016. write your comments about the article :: © 2010 Construction News :: home page |