Yet ANOTHER press release that will have an impact on the value of IMA's property. Just think, our next door neighbor is building!
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SNC-LAVALIN AWARDED CONTRACT IN PASCUA-LAMA GOLD PROJECT
Toronto, March 27, 2000 ? SNC-Lavalin has been awarded the basic engineering services contract by Barrick Gold Corporation for their Pascua-Lama gold project bordering Chile and Argentina. The US$950 million project is expected to process 33,000 tonnes of ore per day and produce approximately 800,000 ounces of gold and more than 35 million ounces of silver annually. The capital cost for the SNC-Lavalin scope is approximately US$250 million.
SNC-Lavalin will carry out the basic engineering and procurement of the wet process plant facilities from neutralization through to the refinery, fresh and potable water systems and tailings and reclaim pumping and piping services. The scope of work includes site development and buried services for the complete process plant. The development and basic engineering phase of the project started in February 2000 and will be completed by November 2000. Leading up to this, SNC-Lavalin carried out all the feasibility studies and assisted Barrick with the test work. Detail design is expected to follow by year end, with the plant operational by late 2002.
SNC-Lavalin Group is one of the leading engineering and construction firms in the world, and a key player in the ownership and management of infrastructure. The group and its companies have offices across Canada and in 30 other countries, and are currently working in some 100 countries. The company is listed on the Toronto Stock Exchange (symbol: SNC).
SNC-Lavalin press releases are available on its Web site at www.snc-lavalin.com
For information, contact:
SNC-Lavalin Group Inc.
Donna Yoshimatsu Suzanne Joly
Vice-President, Investor Relations Director, Communications
(416) 255-4055 (514) 393-1000
E-mail: investors@snc-lavalin.com E-mail: jolys@snc-lavalin.com |
