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Inmet Subsidiary Spends $349 Million on Cobre Panama Equipment Contracts
Nov. 20, 2012 02:26PM PST
Base Metals Investing Inmet Mining Corp. (TSX:IMN) announced that Minera Panama SA, its subsidiary, has awarded mining equipment contracts for the supply of 84 pieces of equipment for its Cobre Panama copper project. The contracts are worth a total of $349 million.
Inmet Mining Corp. (TSX:IMN) announced that Minera Panama SA, its subsidiary, has awarded mining equipment contracts for the supply of 84 pieces of equipment for its Cobre Panama copper project. The contracts are worth a total of $349 million.
According to the press release, contracts include:
- rope shovels to P&H Mining Equipment Inc.;
- hydraulic shovels/excavators and trucks to Komatsu Holding South America;
- ancillary and support equipment to IIASA Panama S.A. (Caterpillar); and
- rotary drills to Atlas Copco Drilling Solutions LLC.
Click here to read the full Inmet Mining Corp. (TSX:IMN) press release.
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