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| Astaldi wins new contract in Chile Italian construction group Astaldi has been awarded a contract worth EUR 117 million to carry out a new lot of the Chuquicamata mining project in Chile, where Astaldi is already performing a first phase of underground works. Chuquicamata is currently the largest open-air mine in the world for which Corporación Nacional del Cobre de Chile (CODELCO) envisages an investment plan totalling USD 3.8 million to convert it into an underground mine. In this context, the contract awarded to Astaldi Group involves the construction of 11 kilometres of tunnels, as well as additional works related to the existing mining complex. Works will commence in May and have a duration of 26 months. The project has been commissioned by CODELCO, a long-standing, state-owned company and currently the leading copper producer in the world with whom Astaldi Group is already working to perform two major contracts: a first phase of the Chuquicamata Project worth USD 155 million and the Relaves Project involving the construction and subsequent management, using the concession formula, of a plant for the treatment of sludge produced by the Andes Mine for the recovery of copper and molybdenum (total investment of USD 34 million in which Astaldi holds a 51% stake and concession revenues of USD 230 million). write your comments about the article :: © 2013 Construction News :: home page |