April 18, 2013 / 6:10 PM / in 4 years

CORRECTED-(OFFICIAL) Impregilo says $560 mln contract cancelled

(Corrects the value of the contract to $560 million, not 560 million euros)

MILAN, April 18 (Reuters) - Italian builder Impregilo said on Thursday Minera Panama has cancelled a contract for the ‘Mina del Cobre’ project in Panama with a total value of $560 million.

The client announced that the entire project is being re-assessed following First Quantum Minerals’ acquisition of Inmet Mining Corporation, Impregilo said in a statement.

The project envisaged the construction of service and access roads to the mine which is located some 120 km from Panama City.

The contract was assigned to the joint-venture Impregilo-Salini in January. ($1 = 0.7644 euros) (Reporting by Francesca Landini, editing by Jennifer Clark and Gerald E. McCormick)

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