Engineering & Mining Journal

AUG 2018

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80 E&MJ • AUGUST 2018 MINING IN PERU tion will allow STRACON to enter new busi- ness areas: "We will remain focused on our core business, which is contract mining and bulk earthworks in Latin America. However, we now have an opportunity to broaden our service offering and implement further geo- graphical diversification." As an example of STRACON's capabili- ties, Dixon spoke of their work at Cobre Pan- ama: "There, we already provide a number of services outside of our core activities, in- cluding the construction of the transmission line, a tunnel and mechanical and piping in- stallation for both the power station and the concentrator." In Peru, the company handles the con- tract mining operation at Tahoe's mines and is also doing construction for the tailings fa- cility at Constancia. STRACON has a goal to replicate the US$460 million it had in sales in 2014 by 2020, and for that it is open to sign joint ventures and acquire new compa- nies in the region as well. The underground opportunity Moving forward, both OHL and STRACON want to increase their participation in un- derground mining: "We have very strong expertise in tunneling for civil works, but we have never applied that expertise to an underground mining operation," said Martín Fernández of OHL. Meanwhile, STRACON is already present in underground mining in Colombia, at Red Eagle's San Ramón gold operation. Under- ground mining, however, still represents less than 10% of STRACON's business. The issue for large contractors looking to enter the underground space is that most of the current underground mines in Peru are in the small to medium size range. The country's largest underground operation is Cerro Lindo, with a daily processing capacity of 20,000 mt/d. The expected large under- ground projects will probably come from ag- Diego Morales, general manager, Mas Errazuriz. Mario Matuk, general manager, AESA. Steve Dixon, CEO, STRACON.

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