Inmet Subsidiary Spends $349 Million on Cobre Panama Equipment Contracts

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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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