The content has been shared, if you want to share this content with other users click here.
SEC filing by Grupo Graña y Montero
Lima, September 10, 2018
Superintendencia del Mercado de Valores - SMV
We have learned that, on Friday, September 7, 2018, GyM S.A. -subsidiary of the Graña y Montero Group- and Marcobre S.A.C. -company controlled by Minsur S.A., subsidiary of Breca Group- have agreed the beginning of the construction works of the oxide plant of the mining project Mina Justa, located in Ica, Peru.
Mina Justa is an open-pit copper project whose purpose is the extraction of oxidized and sulfuric minerals for the production of copper.
The construction of the oxides plant includes civil works, the development of 15 concrete pools and the electromechanical assembly.
To date, the parties have signed a Notice to Proceed and the construction contract will be signed in the next few days, as established in the aforementioned notice. The contract amount is approximately USD 85 million plus IGV (sales tax) and will last approximately 21 months.
In this way, Graña y Montero Group will participate with its experience in the second largest mining project in the country, reflecting our clients' trust in the quality of our services and the added value that we can provide to their projects, reinforcing our backlog in engineering, procurement and construction projects.