EANS-News: Strabag Group’s Züblin awarded mining contracts for € 500 million in Chile

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Company Information

Santiago de Chile - STRABAG Group's Züblin International GmbH Chile SpA has been awarded two new long-term mining contracts in Nuevo Nivel Mina, at the Teniente Mine in Rancagua. The contracts have a total value of about EUR 500 million and comprise the construction of tunnels with a total length of 32.5 km.

Nuevo Nivel Mina is one of five key projects of copper mining company Codelco and consists of extending the mine into a deeper sector, thus extending the useful lifespan of El Teniente Mine by another 50 years.

"With this achievement, we strengthen even more our brand in the local market, by being present at three of the main mining projects in Chile," says Thomas Birtel, CEO of STRABAG SE.

The first contract involves 6,049 m of horizontal developments and Civil Works in a 25 month period. The second contract consists of Mining and Civil Works for a period of 39 months to complete 26,439 m of horizontal developments and 4,179 m of shafts.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10276095/1/ZÜBLIN_El_Teniente_Mar19_e.pdf

issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 - 1177
mail: investor.relations@strabag.com
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, ATX, SATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/4106/aom

Rückfragen & Kontakt:

STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116
diana.klein@strabag.com

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