- Write by:
-
Friday, February 16, 2024 - 21:30:10
-
130 Visit
-
Print
Peru’s environmental watchdog has granted Antamina, the country’s largest copper-zinc mine, a long-awaited permit that allows it to kick off a $2 billion expansion to extend the operation’s productive life from 2028 to 2036.
The Modification of the Environmental Impact Study (MEIA) approval allows the mine, co-owned by Glencore, BHP, Teck Resources and Mitsubishi (TYO: 8058), to apply changes within existing components. These include the expansion of the open pit and the optimization of the mine’s dumps and tailings dam.
“The MEIA is an important milestone for Antamina and the Peruvian mining industry (…) It broadens our horizon and allows us to continue working hand in hand with the authorities and communities,” Víctor Gobitz, chief executive of Antamina said in the statement.
Antamina’s mine area will be increased by 25% and the open pit will be deepened by 150 metres. This represents an extraction of up to 173,000 tonnes of ore a day, with a waste movement of up to about 742,000 tonnes daily.
The project also includes replacing the primary ore crushing station and installing a new rock crusher. Dam storage capacity will be increased to 1,572 million tonnes from the current 1,100 million tonnes.
The granting of the permit comes only a week after representatives from the largest mining companies operating in the country met with Peru’s Ministry of Energy and Mines, Oscar Vera, to provide feedback on a new digital initiative expected to speed up permitting in the world’s second largest copper producing nation.
Short Link:
https://www.miningnews.ir/En/News/628015
![Copper price set for worst week since 2022 as China Plenum disappoints](/Incsys/Photo.aspx?image=/Uploads/News/20240723142415052.jpeg&width=236&height=180)
Copper prices have retreated from a record in May on concerns about the strength of demand in China, where growth was ...
![Copper output from Codelco this year to top 2023, chairman says](/Incsys/Photo.aspx?image=/Uploads/News/20240723141842581.jpg&width=236&height=180)
Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo ...
![China copper smelters eye more output cuts as raw material supply tightens](/Incsys/Photo.aspx?image=/Uploads/News/20240723141202374.jpeg&width=236&height=180)
A shortage of copper concentrate this year has forced a few smelters in China to cut output, and more curtailments could ...
![Mercedes, Stellantis in talks to back Serbia’s lithium plans](/Incsys/Photo.aspx?image=/Uploads/News/20240723140454191.jpg&width=236&height=180)
Mercedes-Benz Group AG and Stellantis NV are in discussions with Serbia’s government to invest in lithium-processing and ...
![China copper smelters plan to cut output after margins fall](/Incsys/Photo.aspx?image=/Uploads/News/20240723135544917.jpg&width=236&height=180)
Two Chinese copper smelters have laid out plans to reduce production next year as an imbalance between mine supply and ...
![Copper price edges down to two-week low amid demand uncertainty](/Incsys/Photo.aspx?image=/Uploads/News/20240723135256664.jpeg&width=236&height=180)
Copper edged down to a two-week low in choppy trading, amid uncertainty over supply and demand in China and weakness in ...
![Antofagasta expects 2024 copper output at low end of yearly forecast](/Incsys/Photo.aspx?image=/Uploads/News/20240723135052294.jpg&width=236&height=180)
Chilean miner Antofagasta said on Wednesday it expects full-year copper output at the lower end of its 670,000 to ...
![BHP posts second straight year of record iron ore production](/Incsys/Photo.aspx?image=/Uploads/News/20240723134042848.jpg&width=236&height=180)
BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved ...
![Vale sees iron ore output at high-end of 2024 guidance after Q2 rise](/Incsys/Photo.aspx?image=/Uploads/News/20240723133722176.jpg&width=236&height=180)
Brazilian miner Vale SA expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ...
No comments have been posted yet ...