Inmet Mining announces process plant contract award
Thursday, Nov 15, 2012Inmet Mining Corporation ("Inmet") (TSX:IMN) is pleased to announce that its subsidiary, Minera Panama S.A. (MPSA) has selected Joint Venture Panama Inc. (JVP), a joint venture led by the mining and metallurgy division of SNC-Lavalin Inc. (a member of the SNC-Lavalin Group Inc.) with partners GyM S.A. (a member of Grana y Montero Group) and Techint International Construction Corp., to proceed with detailed engineering, procurement and construction of the Process Plant. This engagement will be performed in two phases. Under the first phase, JVP has been instructed to proceed with detailed engineering and procurement services.
Upon satisfactory advancement of detailed engineering, JVP will be instructed to proceed with the second phase which will involve the construction of the facility starting in Q4 2013. MPSA has already ordered SAG/Ball mills and motors, which are in manufacturing and scheduled to be delivered on site starting in Q4 2013.
The award to JVP recognizes the expertise of each party to the joint venture led by SNC-Lavalin, one of the world's leading engineering and construction groups. This award is the outcome of an eight-month competitive process involving several international consortia of engineering and construction firms.