LIMA – US-based construction firm Fluor Corp subcontracted earth moving work on the Quellaveco copper mine, in Peru, to local company Grana y Montero, in a sign the stalled $5-billion project could be reactivated.
Grana said in a statement late on Friday it had won a tender from Fluor for $53.9-million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.
Fluor won a contract in 2014 to provide construction management and early works execution for the Quellaveco project, in southern Peru. Fluor and AngloAmerican did not immediately respond to request for comment.
Quellaveco, which could produce some 225 000 t of copper annually, has the permits needed for its development but has been stalled since 2013. An Anglo executive told Reuters a year ago the project could be executed by the end of 2018.