MONTREAL – SNC Lavalin has been awarded a contract to upgrade processing equipment at a copper mine in Chile.
The Montreal-based engineering and construction giant (TSX:SNC) says it will provide overall project management as well as detailed engineering, procurement and construction management services at Codelco’s Chuquicamata mine.
The project’s total capital cost is estimated to be US$120 million.
Get weekly money news
It involves upgrading the pebble crushing system at Codelco’s processing facility so that it can produce 104,000 tonnes of ore per day.
The project is expected to be complete by the end of the third quarter of 2013.
“This project is an excellent example of a sustaining capital project for an existing client,” said Dale Clarke, executive vice-president of global mining and metallurgy at SNC Lavalin.
- Bank of Canada says households struggling, economy vulnerable to shocks
- Thousands of Calgary families facing a big jump in school bus fees next year
- Alberta separation question creating uncertainty for provincial investment: ‘Not good for us’
- Thrift store summer? Data shows Canadians looking to save as costs bite
“Codelco is one of our most valued and long-standing clients and we appreciate the confidence they have placed in us for the delivery of key sustainable projects in their capital investment program.”
SNC shares rose 12 cents to $37.93 in late-morning trading on the Toronto Stock Exchange.
Comments
Want to discuss? Please read our Commenting Policy first.