Compañía de Minas Buenaventura, S.A.A. has contracted Aker Kvaerner Metals, to manage and provide the basic engineering for their Poracota Gold Autoclave Project, a gold ore pressure oxidation facility. Poracota is located 20 kilometers west of Buenaventura's wholly-owned Orcopampa Mine, at an elevation of approximately 4,000 meters, in the Peruvian Andes.  Aker Kvaerner's scope of work includes the circuit design, equipment sizing, preparation of bid packages, and production of layouts to support the capital and operating cost estimates. The basic engineering package will then be followed by detailed engineering. The front end engineering package will require an estimated time of 33 weeks to complete. Plant capacity is 500 tpd and will use whole ore pressure oxidation of sulphides technology to liberate gold encapsulated in sulphides.

This project is being executed by Aker Kvaerner Metals, Inc., located in Tucson, Arizona, USA.

Compañía de Minas Buenaventura, S.A.A. is a major precious metals producer in Peru and is listed in the New York Stock Exchange (BVN).


ENDS

For further information, please contact:

 

Guy Carraux, Business Development Manager & Director of Project Services, Aker Kvaerner Metals, Inc., Tucson, Arizona USA. Tel: +1 520 917-5479, Fax: +1 520 882-4231

Lola Kolbach, Communications Manager, Aker Kvaerner Metals, Santiago, Chile. Tel: +56 2 336 3520

Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact: Stan Bogiel, Senior Vice President Global Sourcing, Aker Kvaerner, Process & Construction. Tel: +1 713-270-3519, Mob: +1 832-274-4753, Fax: +1 713 270 2710.

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.

The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 23 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.1 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.

 

Aker Kvaerner Metals serves mining and mineral processing companies by providing studies, project management, EPCM, commissioning and start-up services. Offices are located in Santiago, Chile (Metals Headquarters); Toronto, Canada; and Tucson, Arizona, U.S.A. Services to the Metals industry are also provided by AK Engineering Services in Europe, Asia and Australia. These organisations work closely together in support of our clients.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com