STRACON GyM Is Awarded Works for the Development and Operation of Hudbay's Constancia Copper Project in Cusco, Peru

LIMA, PERU -- (Marketwire) -- 11/19/12 -- STRACON GyM (, a subsidiary of GraƱa y Montero S.A.A., is pleased to announce it has entered into an alliance agreement with Hudbay Peru S.A.C., a subsidiary of Hudbay Minerals Inc., to provide earthmoving and mining services for the development of Hudbay's Constancia copper project, located in the Chamaca, Livitaca and Velille Districts, Province of Chumbivilcas, Department of Cusco, Peru. The scope of work under the five (5) year agreement includes initial construction of the Tailings Management Facility (TMF) and mine pre-stripping activities over a two year period with an approximate value of US$300MM, followed by production mining and ongoing TMF construction works for the remainder of the contract with an additional value of approximately US$500MM.

STRACON GyM's Chief Operating Officer, Steve Dixon, stated that "STRACON GyM very much looks forward to further building upon the relationship established with Hudbay, working with all project stakeholders to ensure the successful delivery of Constancia Project."

Hudbay acquired the Constancia copper porphyry project in 2011. In August 2012 Hudbay's board of directors approved a US$1.5 billion investment to fund the development and construction of the project. Constancia is expected to produce approximately 85,000t of copper per annum over a 15.3 year mine life, with initial production in late 2014, followed by full production in quarter two 2015.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here