Inmet Subsidiary Spends $349 Million on Cobre Panama Equipment Contracts

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.