IMPREGILO-SALINI STRATEGIC AGREEMENT OPENS NEW MARKETS: ITALIAN GROUP WINS INTERNATIONAL TENDER FOR THE “MINA DE COBRE” IN PANAMA

• VALUE OF PROJECT APPROXIMATELY 560.0 MILLION DOLLARS
• PROJECT MARKS IMPREGILO’S ENTRY INTO MINING, AN EXPANDING MARKET WHERE THE GROUP OFFERS ITS BACKGROUND AS A CONSTRUCTOR OF COMPLEX INFRASTRUCTURES

Milan, 9-1-2013 — /europawire.eu/ —  The strategic agreement between the two companies has scored its first important success. In a joint venture with Salini, Impregilo has won the contract put out to tender by Minera Panama SA, a subsidiary of Canada’s Inmet Mining Corporation, for the “Mina de Cobre” project covering the preparatory and preliminary work for a large copper mine in the State of Panama.

Overall, the project is worth approximately 560.0 million dollars (the Impregilo share is 50%).

Specifically, the contractor will build service roads and new access routes to the mine, located about 120 kilometres from the capital, Panama City, excavate about 45,000,000 m³ of rock and earth and the realization of their storage.

Work on the Mina de Cobre project will be logistically and technically complex, given the extreme local annual rainfall amounts (about 4,500 mm). Special attention will therefore be paid to water courses and control, to measures to prevent soil erosion caused by rainfall, and to surfacing and maintenance of roads and areas used by earth-handling equipment.

The new award marks Impregilo’s entry into mining, a promising market expected to record strong growth over the next few years, where the Group offers customers and contract awarders attentive to construction quality and on-time delivery the benefits of its significant expertise as a constructor of complex infrastructures.

The new order is the first joint project awarded within the framework of the industrial and strategic agreement between the Impregilo Group and the Salini Group and an important acknowledgement of Salini’s commercial drive which, combined with the two companies’ advanced technical skills, aims to win world leadership in the construction of complex works and projects.

Contact:
Giovanni Frante
External Relations Office
Tel. + 39 02 444 22115
E- mail: giovanni.frante@impregilo.it

Investor Relations Office
Tel. +39 02.444.22860
Email: investor.relations@impregilo.it
For more information: www.impregilo.it

Community
Tel +39 02 8940 4231 – email: milano@communitygroup.it

Impregilo is a major international construction firm listed on the Italian Stock Exchange. The Group is active in the engineering and construction of large-scale infrastructures, operates in about 30 countries with about 25,000 employees and collaborators o ering high levels of professional skill. The Impregilo Group closed financial year 2011 with an aggregate backlog worth 25.1 billion euro and net sales of 2.1 billion euro.