https://www.miningweekly.com
Building|Construction|Copper|Exploration|Mining|PROJECT|Projects|Operations
Building|Construction|Copper|Exploration|Mining|PROJECT|Projects|Operations
building|construction|copper|exploration|mining|project|projects|operations

Chinalco expects to start Peru copper mine expansion no later than end-June

24th May 2023

By: Reuters

  

Font size: - +

LIMA - The Peruvian unit of Chinese firm Chinalco should start construction on its delayed $1.3-billion expansion project at the Toromocho copper mine in southern Peru by the end of June, the division's executive said on Tuesday.

The president of Chinalco Peru, Xudong Zhang, said that he expects the Peruvian government to approve the necessary paperwork in the next 30 days for the project in the Andean region of Junin, which began operations a decade ago.

"We hope to get the permit and start building the project before the end of June by the latest," the executive told reporters after a conference by the Peruvian-Chinese chamber of commerce CAPECHI.

The Toromocho expansion project was announced in 2018, but delays in official permits and the coronavirus pandemic put the brakes on its development.

Toromocho, among the five largest producers of the red metal in the country, produced some 244 712 t of copper in 2022. Peru is the second largest copper producer in the world.

Zhang said the Toromocho expansion would allow Aluminum Corp's Chinalco to increase current production by 20%. "Translated into fine copper, it would be 40 000 t of copper contained in concentrates per year, in addition to current capacity," he said.

The executive also said that Chinalco is working on various exploration projects near Toromocho and also on concessions around Peru's so-called southern mining corridor.

Edited by Reuters

Comments

Latest News

Image shows Rio Tinto logo
Another Rio blast damages rock shelter
22nd September 2023 By: Esmarie Iannucci
Image shows mine trucks and openpit operation
RCF sells Ausenco to US investment firms
22nd September 2023 By: Esmarie Iannucci

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones, wear-resistant linings,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

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:0.062 0.101s - 94pq - 2rq
Subscribe Now