Andina

Peru: Colca and Jalaoca projects drew interest from mining investors


COBRE, ZINC Y HIERRO LIDERAN CRECIMIENTO DE PRODUCCIÓN METÁLICA NACIONAL

COBRE, ZINC Y HIERRO LIDERAN CRECIMIENTO DE PRODUCCIÓN METÁLICA NACIONAL

15:26 | Lima, Mar. 8.

Peru's State-run Private Investment Promotion Agency (ProInversion) successfully promoted Colca and Jalaoca mining projects at the Prospectors and Developers Association of Canada (PDAC 2018 Convention).

The event was held on March 4-7 in Toronto and featured members of the world's mining sector.  

Both projects —relying on great development potential— were showcased by the ProInversion delegation on the occasion.

Within this framework, potential investors, investment banking agents, law firms, and funds specialized in natural resources showed interest in the Peruvian Government's objective.

Said goal was to promote a mining project portfolio that is still at an initial development stage. 

It must be noted Colca and Jalaoca —whose awardings are expected to take place sometime in the third quarter of 2018— are mining deposits declared by the Peruvian State as Non-Admission of Request Areas (ANAP).

The purpose is that the State's competent body carries out regional mining exploration works, so that Proinversion —based on the results— can promote private investment in those zones.

According to studies, Jalaoca is an Apurimac region-based mining prospect that provides conditions for copper, gold, and molybdenum exploration.  

Meanwhile, Colca is the site of a possible porphyry copper and gold deposit.  

PDAC 2018 Convention

PDAC is one of the most important conventions in the mining exploration sector on a global scale, whose relevance lies in being the main international platform to promote discussion, exhibition, and analysis of mining projects from different parts around the globe.

(END) FGM/MVB

Published: 3/8/2018