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Salini: Panama’s new Canal passes the Test on the Atlantic

Salini-Panama-New-Canal

The waters of Gatun Lake began flooding the new canal in Panama on the side of the Atlantic Ocean. This manoeuvre, conducted successfully, was the first important stress-test to date of the Third Set of Locks, which is being built on the Central American isthmus by an international consortium led at the operational level by Salini Impregilo. The same test will be conducted on the other system of locks on the Pacific side at the end of the month.

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Boskalis to construct second artificial residential Island in Panama

Boskalis: artificial island in Panama

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from Compañía Insular Americana, S.A. to construct a second artificial island off the coast near the residential area of Punta Pacifica in Panama City. This project follows the successful construction of the first island by Boskalis, which was handed over to the client in early 2013. With a contract value of more than EUR 55 million the project is scheduled to commence in the course of the second half of 2015 and is expected to last for two years.

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First Quantum Minerals: Update on Cobre Panama Copper Project and Funding Arrangements

First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) provide the following update on the development of its Cobre Panama copper projectand progress in the optimization of the Company's capital structure.

KEY POINTS

Since First Quantum's acquisition of Inmet Mining Corporation in March 2013, the prime focus has been to critically review and stabilize all activities and focus on the key elements of the Cobre Panama project development, construction and contracting plan, and implementation of practical site infrastructure.

This update on the project covers mainly the planned operating parameters, capital estimate and development timeframe.

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