Peruvian Energy and Mines Minister Francisco Ismodes on Monday affirmed Mina Justa mining project (Ica region) will entail an investment worth US$1.60 billion.
According to Minister Ismodes, this venture will create approximately 4,000 jobs during its construction stage. Afterwards, operations will demand between 3,000 and 3,500 employees.
"We welcome the decision to invest in this important project. The Government's commitment is to support the execution of this project without any setbacks," he added.
The official was joined by Peruvian President Martin Vizcarra, Economy-Finance Minister Carlos Oliva, and Marcobre's General Manager Enrique Rodriguez on the occasion.
About
It should be noted the construction and the beginning of
Mina Justa project's mining activities were approved last week.
The corresponding partners are mining company Minsur S.A. (Peru's Grupo Breca), which holds 60% of shares, and Alxar Internacional SpA (Chile's Empresas Copec), with 40%.
The mining
copper project operations are expected to start by the end of 2020.
The average annual production is projected at 102,000 tons of
copper concentrate and 58,000 tons of copper cathodes.
(END) CNA/DTK/MVB