Terramin Australia EPC contract announcement

Terramin Australia (ASX:TZN) has signed an Engineering, Procurement, and Construction (EPC) contract for the Tala Hamza Zinc Project. The contract involves the project's operator, Western Mediterranean Zinc Spa, and Sinosteel Equipment & Engineering Co. Ltd. The deal, worth US$336 million, includes constructing a 2.0 million tonnes per annum process plant and an underground mine. Construction is expected to start in the coming weeks.

Summary and future outlook

Terramin Australia (ASX:TZN) has secured a US$336 million EPC contract with Sinosteel MECC for the Tala Hamza Zinc Project. This contract involves building a 2.0mtpa process plant, an underground mine, and supporting infrastructure. With funding in place for 18 months, construction is set to begin soon. This collaboration aims to enhance the project's development, aligning with Terramin's strategy to deliver a world-class mining project in Algeria. The involvement of Sinosteel MECC is anticipated to bring expertise and innovation to the project, contributing to its successful execution and future operations.

Executive insights on EPC contract

The signing of this EPC contract is a significant achievement for Terramin and its partners. This project has the potential to significantly boost Algeria's economy and demonstrates our commitment to achieving high global mining standards. We welcome Sinosteel MECC as our new partner and are grateful for the support from our Algerian partners and government.