Southern Peru Copper Corporation plans to invest around US$8.1 billion between 2018 and 2025 to develop
mining projects and the facilities they need.
"The projected investment in Peru is around US$8.1 billion," Southern Peru Copper Corporation Exploration Manager Fernando Nuñez stated.
"Our portfolio of projects in southern Peru total about US$2.8 billion, of which US$1.6 billion has already been spent mainly in
Toquepala (Tacna region) and Cuajone (Moquegua region) mines," he said.
Additionally, the company envisages investments in the refinery, foundry, and port it operates in Ilo city (Moquegua region).
The executive stressed that Peru's most important mining investment projects are located in Arequipa, Moquegua, Apurimac, and Cajamarca regions.
"In the case of
Michiquillay, we are working in collaboration with the social fund established to socialize the mining project with communities in the area of influence," he stated.
It must be noted Southern Peru Copper Corporation estimated that production at Michiquillay would likely begin in 2025.
(END) CNA/RMB/MVB
Published: 6/4/2019