Name of the Project
Michiquillay copper project.
Location
Cajamarca, Peru.
Client
Southern Copper Corporation acquired the project from Peruvian investment agency ProInversion in a public bidding process in February.
Project Description
With mineral resources of 1.15-billion tons and a copper grade of 0.63%, Michiquillay is expected to be one of the biggest copper mines in Peru.
The mine will produce 225 000 t/y of copper, along with by-products of molybdenum, gold and silver. The project will have an initial mine life of 25 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
The capital cost of the project is estimated at $2.5-billion.
Duration
Michiquillay is scheduled to start production in 2025.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Southern Copper Corporation, tel +511 512 0440, fax +511 512 0492 or email southerncopper@southernperu.com.pe.