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FELGUERA TECNOLOGIAS DE LA INFORMACION

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Namestring
FELGUERA TECNOLOGIAS DE LA INFORMACION
Legal namestring
FELGUERA TECNOLOGIAS DE LA INFORMACION
Company typeenum
Public
Founded yearint
1858
Descriptiontext

FELGUERA TECNOLOGIAS DE LA INFORMACION, operating under the brand Duro Felguera, is a Spanish engineering company founded in 1858 and headquartered in Gijón, Spain, that executes turnkey engineering, procurement, and construction (EPC) projects for enterprise and government clients in the Energy, Mining & Handling, Industry, and Energy Storage verticals. Its project scope spans power generation facilities, mining operations and mineral handling systems, industrial plants and manufacturing facilities, and energy storage and grid stabilization projects. Revenue is generated through multi-year project-based contracts with pricing determined by scope, complexity, and client requirements, sold via an enterprise field-sales motion rather than standardized product pricing.

Following an 18-month judicial restructuring process, the company's reorganization was approved by Commercial Court #3 in Gijón in June 2026, nullifying approximately €1,000 million in contingent liabilities and imposing 100% write-offs on ordinary and subordinated credits. Grupo Prodi (Mexico) holds approximately 80% of capital after the accordion operation, injected €10 million of fresh capital through a 2026 capital increase, and is steering the company toward Mexico as its primary growth market, targeting €400 million in revenue by 2028 with 60% of sales sourced from Mexico. Operationally, Duro Felguera has consolidated its main business lines under wholly-owned subsidiary Duro Felguera Global Solutions, organized around four verticals with a reduced workforce of approximately 500 employees.

Short descriptiontext

FELGUERA TECNOLOGIAS DE LA INFORMACION (Duro Felguera) is a Spanish EPC engineering firm, founded 1858, executing turnkey energy, mining, industrial, and energy storage projects for enterprise and government clients in Spain and Mexico, now 80% owned by Mexico's Grupo Prodi following 2026 judicial restructuring.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersGijón, Spain
HQ citystring
Gijón
HQ countrystring
Spain
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
engineering procurement construction, energy infrastructure, industrial construction, mining engineering, energy storage systems
Industry6 codes
1Wind Power Plant EPC (Onshore/Offshore)
CodeEUAEAAAFPrimaryYes
2Hydropower EPC & Construction (Civil Works, Electromechanical)
CodeEUACAEAFPrimaryNo
3Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls)
CodeEUAEAAAMPrimaryNo
4Transmission line EPC & construction (overhead)
CodeEUADAKAAPrimaryNo
5Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout)
CodeIMAKAOAEPrimaryNo
6Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips)
CodeIMAKAOABPrimaryNo
NAICS code3 codes
  • Utility System Construction2371
  • Engineering Services541330
  • Power and Communication Line and Related Structures Construction237130
SIC code2 codes
  • Water, Sewer, Pipeline, Comm & Power Line Construction1623
  • Cogeneration Services & Small Power Producers4991
Product category
Engineering Services
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Engineering Project Services
TypeProfessional Services
Description

Large-scale engineering, procurement, and construction (EPC) services for energy infrastructure, mining operations, industrial facilities, and energy storage projects. Revenue generated through project contracts with government and private sector clients.

expansion.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Others
Pricing details1 tier
1Enterprise project-based pricing
ModelOtherBilling cadenceMulti-year contract
Notes

Project-based engineering contracts with pricing determined by scope, complexity, and client requirements. No standard pricing tiers available as each engagement is custom.

expansion.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Turnkey engineering, procurement and construction (EPC) services for large-scale infrastructure projects across four verticals: Energy (power generation and energy infrastructure), Mining & Handling (mining operations and mineral handling systems), Industry (industrial plants and process engineering), and Energy Storage (battery and grid storage solutions). Projects are delivered directly to enterprise and government-sector clients, primarily in Spain and Mexico.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Target revenue of €400 million by 2028 with Mexico contributing 60%
+1 more record
Product and service5 records
1EPC Services — Energy
CategoryEnergy Infrastructure Engineering
Description

Engineering, procurement and construction services for power generation facilities and energy infrastructure development, delivered to government utilities and private energy sector clients.

2EPC Services — Mining & Handling
CategoryMining Infrastructure Engineering
Description

Engineering and construction services for mining operations, mineral handling systems and processing facilities, targeting mining-sector clients requiring large facility construction and operational efficiency improvements.

3EPC Services — Industry
CategoryIndustrial Engineering
Description

Engineering and construction services for industrial plant construction, manufacturing facilities and process engineering, serving industrial-sector clients undertaking facility development and modernization.

4EPC Services — Energy Storage
CategoryEnergy Storage Infrastructure
Description

Engineering, procurement and construction services for energy storage systems, battery projects and grid storage solutions targeting clients requiring energy storage and grid stabilization infrastructure.

5Duro Felguera Global Solutions (Consolidated EPC Delivery Vehicle)
CategoryEngineering Services Holding
Description

Wholly-owned subsidiary consolidating the group's main EPC business lines across Energy, Mining & Handling, Industry, and Energy Storage following the 2026 post-restructuring reorganization.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Spanish-headquartered EPC contractor specializing in energy infrastructure (refineries, power plants, gas processing). Direct competitor to Duro Felguera in the Iberian and Latin American EPC market with overlapping energy vertical focus.

TypeDirect peer
Description

Spanish EPC contractor delivering industrial and energy projects globally. Comparable business model focused on turnkey engineering and construction for energy and industrial clients, similar size and operational scope to Duro Felguera.

TypeDirect peer
Description

Spanish engineering and technology group delivering turnkey projects in energy, infrastructure, and industrial sectors. Direct peer with comparable service portfolio and target customers in the Spanish/Latin American EPC market.

TypeBroad incumbent
Description

Spanish EPC subsidiary of ACS Group focused on energy infrastructure and industrial projects. Larger and broader portfolio than Duro Felguera but operates in directly overlapping energy EPC segments across Iberia and LATAM.

TypeDirect peer
Description

Spanish engineering and infrastructure company historically focused on energy and water projects. Closely comparable given similar Spanish origin, similar restructuring history, and overlapping renewable energy and transmission EPC activities.

TypeDirect peer
Description

Spanish-based engineering, architecture, and consulting firm with strong energy and industrial practice. Comparable service portfolio and customer base in Spanish-speaking markets with similar project execution model.

TypeBroad incumbent
Description

Global EPC contractor serving energy, mining, and industrial markets. Operates at significantly larger scale but competes for the same type of large-scale energy and mining infrastructure projects, particularly in Latin America.

TypeBroad incumbent
Description

Italian-headquartered EPC contractor serving oil & gas, energy, and infrastructure markets. Comparable business model for energy infrastructure EPC with broader geographic footprint and larger scale.

TypeBroad incumbent
Description

Global engineering, construction, and project management company with strong presence in energy, mining, and infrastructure. Competes with Duro Felguera for large-scale industrial and energy EPC contracts in Latin American markets.

TypeRegional player
Description

Mexico-based construction and infrastructure company with significant energy and industrial project portfolio. Regional peer that competes with Duro Felguera in the Mexican market where Duro Felguera targets 60% of its 2028 sales.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

FELGUERA TECNOLOGIAS DE LA INFORMACION

Engineering Servicesdurofelguera.com

FELGUERA TECNOLOGIAS DE LA INFORMACION (Duro Felguera) is a Spanish EPC engineering firm, founded 1858, executing turnkey energy, mining, industrial, and energy storage projects for enterprise and government clients in Spain and Mexico, now 80% owned by Mexico's Grupo Prodi following 2026 judicial restructuring.

What FELGUERA TECNOLOGIAS DE LA INFORMACION does

FELGUERA TECNOLOGIAS DE LA INFORMACION, operating under the brand Duro Felguera, is a Spanish engineering company founded in 1858 and headquartered in Gijón, Spain, that executes turnkey engineering, procurement, and construction (EPC) projects for enterprise and government clients in the Energy, Mining & Handling, Industry, and Energy Storage verticals. Its project scope spans power generation facilities, mining operations and mineral handling systems, industrial plants and manufacturing facilities, and energy storage and grid stabilization projects. Revenue is generated through multi-year project-based contracts with pricing determined by scope, complexity, and client requirements, sold via an enterprise field-sales motion rather than standardized product pricing.

Following an 18-month judicial restructuring process, the company's reorganization was approved by Commercial Court #3 in Gijón in June 2026, nullifying approximately €1,000 million in contingent liabilities and imposing 100% write-offs on ordinary and subordinated credits. Grupo Prodi (Mexico) holds approximately 80% of capital after the accordion operation, injected €10 million of fresh capital through a 2026 capital increase, and is steering the company toward Mexico as its primary growth market, targeting €400 million in revenue by 2028 with 60% of sales sourced from Mexico. Operationally, Duro Felguera has consolidated its main business lines under wholly-owned subsidiary Duro Felguera Global Solutions, organized around four verticals with a reduced workforce of approximately 500 employees.

FELGUERA TECNOLOGIAS DE LA INFORMACION firmographics

Firmographics
Name
FELGUERA TECNOLOGIAS DE LA INFORMACION
Legal name
FELGUERA TECNOLOGIAS DE LA INFORMACION
Website
https://durofelguera.com
Company type
Public
Founded year
1858
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
FELGUERA TECNOLOGIAS DE LA INFORMACION (Duro Felguera) is a Spanish EPC engineering firm, founded 1858, executing turnkey energy, mining, industrial, and energy storage projects for enterprise and government clients in Spain and Mexico, now 80% owned by Mexico's Grupo Prodi following 2026 judicial restructuring.
Ownership category
akta.pro rank

FELGUERA TECNOLOGIAS DE LA INFORMACION industry classification

Industry
Product category
Engineering Services
NAICS
Utility System Construction (2371), Engineering Services (541330), Power and Communication Line and Related Structures Construction (237130)
SIC
Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Cogeneration Services & Small Power Producers (4991)
akta.pro primary industry
Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
akta.pro secondary industries
Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Transmission line EPC & construction (overhead) (EUADAKAA), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB)

Keywords

  • Engineering procurement construction
  • Energy infrastructure
  • Industrial construction
  • Mining engineering
  • Energy storage systems

Where FELGUERA TECNOLOGIAS DE LA INFORMACION is headquartered

Location

Headquarters

HQ city
Gijón
HQ country
Spain
HQ region
Europe

Offices1 record

Markets served

FELGUERA TECNOLOGIAS DE LA INFORMACION business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

  1. Engineering Project Services: Large-scale engineering, procurement, and construction (EPC) services for energy infrastructure, mining operations, industrial facilities, and energy storage projects. Revenue generated through project contracts with government and private sector clients.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractEnterprise project-based pricing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

FELGUERA TECNOLOGIAS DE LA INFORMACION product offering

Product offering

Core offering

Turnkey engineering, procurement and construction (EPC) services for large-scale infrastructure projects across four verticals: Energy (power generation and energy infrastructure), Mining & Handling (mining operations and mineral handling systems), Industry (industrial plants and process engineering), and Energy Storage (battery and grid storage solutions). Projects are delivered directly to enterprise and government-sector clients, primarily in Spain and Mexico.

Differentiator

Problem solved

Functional benefit

Products and services

  • EPC Services — Energy Engineering, procurement and construction services for power generation facilities and energy infrastructure development, delivered to government utilities and private energy sector clients.
  • EPC Services — Mining & Handling Engineering and construction services for mining operations, mineral handling systems and processing facilities, targeting mining-sector clients requiring large facility construction and operational efficiency improvements.
  • EPC Services — Industry Engineering and construction services for industrial plant construction, manufacturing facilities and process engineering, serving industrial-sector clients undertaking facility development and modernization.
  • EPC Services — Energy Storage Engineering, procurement and construction services for energy storage systems, battery projects and grid storage solutions targeting clients requiring energy storage and grid stabilization infrastructure.
  • Duro Felguera Global Solutions (Consolidated EPC Delivery Vehicle) Wholly-owned subsidiary consolidating the group's main EPC business lines across Energy, Mining & Handling, Industry, and Energy Storage following the 2026 post-restructuring reorganization.

Quantifiable outcome

  • Target revenue of €400 million by 2028 with Mexico contributing 60%
  • +1 more outcomes

Companies that use FELGUERA TECNOLOGIAS DE LA INFORMACION

Customer profile

Named customers1 record

Segments4 records

Ideal customer profiles1 record

FELGUERA TECNOLOGIAS DE LA INFORMACION technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

FELGUERA TECNOLOGIAS DE LA INFORMACION partnerships and signals

Strategic signal

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

FELGUERA TECNOLOGIAS DE LA INFORMACION competitors and assessment

Company assessment

Direct peers

  • Técnicas Reunidas: Spanish-headquartered EPC contractor specializing in energy infrastructure (refineries, power plants, gas processing). Direct competitor to Duro Felguera in the Iberian and Latin American EPC market with overlapping energy vertical focus.
  • TSK: Spanish EPC contractor delivering industrial and energy projects globally. Comparable business model focused on turnkey engineering and construction for energy and industrial clients, similar size and operational scope to Duro Felguera.
  • SENER Grupo de Ingeniería: Spanish engineering and technology group delivering turnkey projects in energy, infrastructure, and industrial sectors. Direct peer with comparable service portfolio and target customers in the Spanish/Latin American EPC market.
  • Abengoa: Spanish engineering and infrastructure company historically focused on energy and water projects. Closely comparable given similar Spanish origin, similar restructuring history, and overlapping renewable energy and transmission EPC activities.
  • IDOM: Spanish-based engineering, architecture, and consulting firm with strong energy and industrial practice. Comparable service portfolio and customer base in Spanish-speaking markets with similar project execution model.

Broad incumbents

  • Cobra (ACS Group): Spanish EPC subsidiary of ACS Group focused on energy infrastructure and industrial projects. Larger and broader portfolio than Duro Felguera but operates in directly overlapping energy EPC segments across Iberia and LATAM.
  • Fluor Corporation: Global EPC contractor serving energy, mining, and industrial markets. Operates at significantly larger scale but competes for the same type of large-scale energy and mining infrastructure projects, particularly in Latin America.
  • Saipem: Italian-headquartered EPC contractor serving oil & gas, energy, and infrastructure markets. Comparable business model for energy infrastructure EPC with broader geographic footprint and larger scale.
  • Bechtel: Global engineering, construction, and project management company with strong presence in energy, mining, and infrastructure. Competes with Duro Felguera for large-scale industrial and energy EPC contracts in Latin American markets.

Regional players

  • ICA (Ingenieros Civiles Asociados): Mexico-based construction and infrastructure company with significant energy and industrial project portfolio. Regional peer that competes with Duro Felguera in the Mexican market where Duro Felguera targets 60% of its 2028 sales.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

FELGUERA TECNOLOGIAS DE LA INFORMACION social profiles

Digital presence

FELGUERA TECNOLOGIAS DE LA INFORMACION financial estimates

Financial estimate

Revenue estimate

Valuation estimate

FELGUERA TECNOLOGIAS DE LA INFORMACION leadership team

Management profile

Number of profiles

Profiles1 record

FELGUERA TECNOLOGIAS DE LA INFORMACION subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

FELGUERA TECNOLOGIAS DE LA INFORMACION funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

FELGUERA TECNOLOGIAS DE LA INFORMACION M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FELGUERA TECNOLOGIAS DE LA INFORMACION

What does FELGUERA TECNOLOGIAS DE LA INFORMACION do?

Turnkey engineering, procurement and construction (EPC) services for large-scale infrastructure projects across four verticals: Energy (power generation and energy infrastructure), Mining & Handling (mining operations and mineral handling systems), Industry (industrial plants and process engineering), and Energy Storage (battery and grid storage solutions). Projects are delivered directly to enterprise and government-sector clients, primarily in Spain and Mexico.

Is FELGUERA TECNOLOGIAS DE LA INFORMACION a public or private company?

FELGUERA TECNOLOGIAS DE LA INFORMACION is a public company. It is classified as public and is currently operating.

When was FELGUERA TECNOLOGIAS DE LA INFORMACION founded?

FELGUERA TECNOLOGIAS DE LA INFORMACION was founded in 1858. It employs 1,001 to 5,000 people.

Where is FELGUERA TECNOLOGIAS DE LA INFORMACION based?

FELGUERA TECNOLOGIAS DE LA INFORMACION is headquartered in Gijón, Spain, in the Europe region.

How does FELGUERA TECNOLOGIAS DE LA INFORMACION make money?

One revenue line is on record: engineering Project Services.

Who are FELGUERA TECNOLOGIAS DE LA INFORMACION's main competitors?

Direct peers on record are Técnicas Reunidas, TSK, SENER Grupo de Ingeniería, Abengoa and IDOM. Broad incumbents are Cobra (ACS Group), Fluor Corporation, Saipem and Bechtel. ICA (Ingenieros Civiles Asociados) is listed as a regional player.

Does FELGUERA TECNOLOGIAS DE LA INFORMACION have an API?

No public API is recorded for FELGUERA TECNOLOGIAS DE LA INFORMACION.

What industry is FELGUERA TECNOLOGIAS DE LA INFORMACION in?

FELGUERA TECNOLOGIAS DE LA INFORMACION's product category is Engineering Services. Its primary akta.pro industry code is EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore), with a secondary code of EUACAEAF, Hydropower EPC & Construction (Civil Works, Electromechanical). Its NAICS code is 2371 and its SIC code is 1623.

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Live signals
The future of tradingDuro Felguera Secures Role In Mexico's Tula Power Plant ProjectDuro Felguera will participate in Mexico's Tula power plant project, with Mota-Engil Mexico as main contractor. The project has a total investment of $1.495 billion and a 47-month execution period. Grupo Promotor holds 80.19% of Duro Felguera and 49% of Mota-Engil Mexico.EleconomistaDuro Felguera aprueba entrar en el proyecto Tula, de 181 millonesDuro Felguera's extraordinary shareholders' meeting approved its participation in Mexico's Tula combined-cycle power plant project. The deal involves $210 million in new activity over 47 months, with the company taking technical direction and equipment integration. The move follows a positive EBITDA of €5.13 million in the first half of 2026.EleconomistaAsturias cifra en hasta 600 millones el impacto de comprar el taller de Duro Felguera para IndraAsturias' science and industry minister Borja Sánchez estimated the gross added value of buying Duro Felguera's Barros factory and leasing it to Indra would be 500-600 million euros. The government will present a non-binding offer of 10.6 million euros this week, with a long-term lease of at least 20 years at market rates. The operation could create 400-450 jobs.EleconomistaAsturias desatasca el proyecto de Indra: comprará la planta de Duro Felguera para abrir una fábrica de blindadosAsturias government agreed to buy Duro Felguera's Barros plant for Indra's third armored vehicle factory. The deal aims to help Indra meet defense orders amid European rearmament. Indra expects to open the plant soon.EXPANSIONDuro Felguera se dispara hasta un 26% en Bolsa tras los resultados y su nuevo proyecto en MéxicoDuro Felguera shares surged 26% in the Spanish stock market following the release of its first-half financial results and an announcement regarding a key project in Mexico. The company plans to vote on this strategic Mexican project at its general meeting in September, signaling a pivotal step for its future operations.EXPANSIONLos dueños de Duro Felguera 'enchufan' la española en una central de 1.000 MWThe Prodi group, controlling more than 82% of Duro Felguera, has forced an extraordinary general meeting for September 18 following the company's inclusion in a major Mexican power project. The project involves constructing a 1,000 MW combined cycle power plant with an investment budget of approximately 1.5 billion euros.ElespanolDuro Felguera convoca junta extraordinaria en septiembre para aprobar un proyecto clave con Mota-Engil MéxicoDuro Felguera called an extraordinary shareholder meeting on September 18 to approve the Tula combined-cycle power plant project with Mota-Engil México. The project is part of the company's growth plan after judicial approval of its restructuring plan, and the meeting will focus solely on approving or rejecting Tula.ElespanolLos tribunales asturianos dan luz verde a la reestructuración de Duro FelgueraThe Gijón Commercial Court approved Duro Felguera's restructuring plan, dismissing nine creditors' lawsuits. The plan cancels unsustainable debt, restructures operations, and recapitalizes via Grupo Prodi, affecting over €980 million in liabilities. It also extends debt novation until 2035.GlobeNewswireAya Gold & Silver Receives US$8 Million in CompensationAya Gold & Silver's subsidiary Zgounder Millenium Silver Mining received approximately US$8 million under bank guarantees from EPC contractor Duro Felguera and affiliates. The payment reflects compensation under the EPC agreement for the Zgounder Expansion Project, reinforcing Aya's project oversight and contract enforcement.GlobeNewswireLamelee Approves the Financial Statements for the Quarter Ended March 31, 2015Lamêlée Iron Ore Ltd. approved its financial statements and management discussion for the quarter ended March 31, 2015. The company's CEO said the statements show efficient cash management, enabling progress with partner Duro Felguera S.A. on the bankable feasibility study for the mining project.