6 October 2009 - Aker Solutions has been awarded the detailed engineering, procurement, and construction management (EPCM) services on the Toromocho Project for Minera Chinalco Peru S.A. The contract value to Aker Solutions is approximately USD 143 million. The Toromocho mine site will become one of Peru's largest copper mines in 2012.

Resources and expertise from the Aker Solutions offices in Tucson, Arizona, USA; Santiago, Chile; Lima, Peru; and Shanghai / Beijing, China, will be involved in delivering this project.  Aker Solutions also previously completed the feasibility study and basic engineering for this project.

The Toromocho Project is a mining and processing ore facility located approximately 140 km east of Lima, in the Morococha District in central Peru. The project requires the development of a large open pit mine, followed by ore processing at a rate of 117,200 tonnes per day, to produce copper concentrates. The location elevations range is from 4 500 to 5 000 metres above sea level.

David Lawson, President, Aker Solutions' Metals business, said: "We are very pleased to be awarded this important project which is Chinalco's first major mining investment in South America. Our goal is to deliver this USD 2.2 billion total installed cost (TIC) project in such a way that we meet or exceed the expectations of all the stakeholders. This project is another example of what we can achieve utilizing a globally integrated project team."

Aluminum Corporation of China Ltd. (Chinalco) will manage the project through its subsidiary, Minera Chinalco Peru. Toromocho is expected to produce 225,000 tonnes of copper annually. In addition, silver will be recovered in the copper concentrate and molybdenum tri-oxide will be produced as a valuable by-product of the processing.

The Aker Solutions contract entity is Aker Metals Inc.

ENDS

Media:

David Lawson, President, Metals, Aker Solutions, Santiago, Chile
Tel: +56 2 336 3501

Guy Carraux, Vice President, Aker Metals Inc., Tucson, Arizona USA
Tel: +1 520 917 5479, Mob: +1 520 609 8925

Loreto Lazcano, Marketing and Public Relations Coordinator, Aker Solutions, Santiago, Chile. Tel: +56 2 336 3520

Jannik Lindbæk Jr., SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Rodger Liang, Global Sourcing Champion, Process & Construction - Tel: +86 10 640 966 36.

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

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities. 

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.  

Aker Solutions' 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, commissioning, operations, 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 Solutions provides design, engineering, procurement, construction and project management services for mining and metals processing facilities on every continent. With its Metals Headquarters based in Santiago, Chile, Aker Solutions has regional metals capabilities in Tucson, Arizona, U.S.A; Lima, Peru; Toronto, Canada; Perth, Brisbane, Adelaide and Melbourne, Australia; Mumbai, India; Stockton-on-Tees, U.K; and Johannesburg, Republic of South Africa.  Aker Solutions provides global capability to serve its clients across the full project cycle from studies through to design engineering, procurement, construction, commissioning and startup.  Specialised expertise spans: precious metals, nickel, copper, molybdenum, iron ore, zinc, uranium, evaporites and industrial minerals.

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