Graña y Montero Extends Mining Services Contract with Minera La Zanja for US$ 30 Million
August 10 2017 - 9:17PM
Business Wire
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”) a leading Engineering and Construction
company, announced today that STRACON GyM, a subsidiary of Graña y
Montero Group, formalized today an extension to the contract signed
in 2010 with Minera La Zanja SRL, a subsidiary of the company
Buenaventura, for approximately US$ 30 million, to extend the term
of mining services for an additional 12 months, counted from
January 1 to December 31, 2018.
La Zanja is an open pit gold and silver mine located in
Cajamarca department, Pulan district, Peru, and is located between
3,200 and 3,600 m.a.s.l., which represents a technical and human
challenge for the more than 500 workers working on the project.
Stracon GyM has been developing the construction and operation
service since April 2010, comprised by the movement of
approximately 68 million tons of ore and debris, with outstanding
safety indicators.
Steve Dixon, CEO of Stracon GyM, indicated that, "Quality of
service, productivity and focus on safety are the main
characteristics of Stracon GyM that motivate the confidence of our
customers. This is reflected in the renewal of contracts, as in
this case."
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version on businesswire.com: http://www.businesswire.com/news/home/20170810006299/en/
Graña y Montero S.A.A.Samantha Ratcliffe, 511-213-6573Head of
Investor
Relationssamantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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