PPX Mining Corp. Enters EPC Agreement with Sertecpet for Igor Project

PPX Mining Corp. has announced a significant step forward for its Igor Project in La Libertad, Peru. On October 19, 2024, the company signed an Engineering Procurement and Construction (EPC) agreement with Sertecpet de Peru S.A. This contract covers the construction of a 350 tpd CIL and Flotation plant. The project's scope includes detailed engineering, site preparation, equipment procurement, and mechanical installations.

The contract is valued at US$5.7 million, excluding taxes, and includes completion guarantees with penalties for delays. Construction is expected to be completed within 12 months on a turnkey basis. Additional facilities, such as office buildings and accommodation, will be handled by other contractors.

This strategic partnership marks a pivotal development for PPX's operations in Peru, leveraging Sertecpet's extensive experience in the energy and mining sectors across Latin America.