Aker Solutions Signs EPCM Services Contract for Minera Chinalco Peru, SA Toromocho Project
Aker Solutions has been awarded the detailed engineering, procurement, and construction management (EPCM) services on the Toromocho Project for Minera Chinalco Peru S.A. The contract value to Aker Solutions is approximately USD 143 million. The Toromocho mine site will become one of Peru's largest copper mines in 2012.
Resources and expertise from the Aker Solutions offices in Tucson, Arizona, USA; Santiago, Chile; Lima, Peru; and Shanghai / Beijing, China, will be involved in delivering this project. Aker Solutions also previously completed the feasibility study and basic engineering for this project.
The Toromocho Project is a mining and processing ore facility located approximately 140 km east of Lima, in the Morococha District in central Peru. The project requires the development of a large open pit mine, followed by ore processing at a rate of 117,200 tonnes per day, to produce copper concentrates. The location elevations range is from 4 500 to 5 000 metres above sea level.
David Lawson, President, Aker Solutions' Metals business, said: "We are very pleased to be awarded this important project which is Chinalco's first major mining investment in South America. Our goal is to deliver this USD 2.2 billion total installed cost (TIC) project in such a way that we meet or exceed the expectations of all the stakeholders. This project is another example of what we can achieve utilizing a globally integrated project team."
Aluminum Corporation of China Ltd. (Chinalco) will manage the project through its subsidiary, Minera Chinalco Peru. Toromocho is expected to produce 225,000 tonnes of copper annually. In addition, silver will be recovered in the copper concentrate and molybdenum tri-oxide will be produced as a valuable by-product of the processing.
The Aker Solutions contract entity is Aker Metals Inc.
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