https://www.miningweekly.com

Chile's Copec to buy stake in copper project in Peru

24th April 2018

By: Reuters

  

Font size: - +

SANTIAGO – Chilean industrial conglomerate Empresas Copec said on Monday it had reached an agreement with Peru's Minsur to buy a 40% stake in a holding company that owns a Peruvian copper mine project for $168.5-million.

Minsur will retain 60% ownership in Cumbres Andinas, the company that controls the Mina Justa project, Santiago-based Copec said in a filing with Chile's financial regulator.

Mina Justa, which is expected to require investment of around $1.6-billion, is due to begin construction in the second half of 2018, with production starting in 2020 or 2021, Copec said. It should produce about 100 000 t/y of copper for 18 years, it added.

Copec also operates forestry, energy and other mining firms.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.161s - 112pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: