Codelco (Corporacion Nacional del Cobre de Chile) awarded to Astaldi Group the construction (first phase works) of the Recursos Norte Mining Project (El Teniente Division). The value of the contract is EUR 73 million (CLP 53.4 billion), with a possible increase up to a maximum additional amount of EUR 85 million. The works, to be performed in various phases by the end of 2022, are part of the project for the underground development of the El Teniente copper mine, stretching between elevations of 1,500 and 1,900 m in the Andes, 80 km south of Santiago de Chile. The phase-one works involve designing and building 2 tunnels – one for access, the other to transport materials - totalling 5 km in length; additional works are also planned for EUR 42 million, to be activated at the Customer’s request.

The phase-two works, valued at EUR 43 million, refer to building an additional 2.6 km of access tunnel. The activities are slated to begin within the first half of 2018. Visit http://www.astaldi.com and https://www.codelco.com. 20/18.

http://www.astaldi.com/en/press-releases/astaldi-new-orders-totalling-eur-193-million-americas