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copper|energy|mining|resources

Antamina mine to get life extension approval by year's end, says CEO

The Antamina mine is co-owned by Glencore, BHP Group, Teck and Mitsubishi.

The Antamina mine is co-owned by Glencore, BHP Group, Teck and Mitsubishi.

28th June 2023

By: Reuters

  

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LIMA - Peru's Antamina mine should receive government approval to extend its life extension through 2036 by the end of the year, the mine's CEO said on Tuesday at an event.

Antamina is Peru's largest copper mine and co-owned by Glencore, BHP Group, Teck Resources and Mitsubishi.

Antamina CEO Victor Gobitz said that the country's mining and energy minister, Oscar Vera, had given the deadline at a mining event.

The lifespan of Antamina, which produced 467 905 t of copper last year, is currently set to expire in 2028.

Gobitz said in late March that Antamina will spend $2-billion to extend the useful life of its deposits through 2036, up sharply from $1.6-billion previously planned.

Peru is the world's second-largest producer of copper.

Edited by Reuters

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