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The mine is due to begin production in 2022 after an investment of approximately $5bn. In late 2019 it was reported the mine was 34% complete and was on schedule. [3] However, during the COVID-19 pandemic in 2020, a three-month hold was declared on the project with a reduction in Capital expenditure for that year in the order of $300 million. [4]
The Los Chancas mine is a large copper mine located in the Apurímac Region of southern Peru. Los Chancas represents one of the largest copper reserves in Peru and in the world, having an estimated 726 million tonnes of ore grading 0.47% copper, 0.04% molybdenum and 0.9 million oz of gold. [3] Mining operations are expected to begin in 2027. [2]
Las Bambas copper mine is an open-pit copper mine in the Cotabambas province of Peru. With over a billion tons of copper ore, the deposit is one of the largest in the world and produces 2% of global copper. [1] Las Bambas also produces molybdenum concentrates. Development began on the mine in August 2015 and production began in early 2016. [2] [3]
The mineral industry of Peru has played an important role in the nation's history and been integral to the country's economic growth for several decades. [1] The industry has also contributed to environmental degradation and environmental injustice; [2] and is a source of environmental conflicts that shape public debate on good governance and development.
Production trends in the top five copper-producing countries, 1950-2012. This is a list of countries by mined copper production. Copper ore can be exported to be smelted so that a nation's smelter production of copper can differ greatly from its mined production. See: List of countries by copper smelter production.
The Toromocho mine is a large copper mine in the center of Peru, in Junín Region.Toromocho represents one of the largest copper reserves in Peru and in the world, having estimated reserves of 1.52 billion tonnes of ore grading 0.48% copper, 0.019% molybdenum and 336 million oz of silver.
The Cerro Verde mine is a very large copper mine located about 20 miles southwest of Arequipa, in southwestern Peru.Cerro Verde represents one of the largest copper reserves in Peru and in the world, having estimated reserves of 4.63 billion tonnes of ore grading 0.4% copper and 113.2 million oz of silver.
The mine is jointly owned by Teck Resources, BHP, Glencore, and Mitsubishi Corporation [2] and independently operated by Compañía Minera Antamina S.A. [1] It produced 390,800 tons of copper concentrate in 2006, 461,000 tons [4] in 2013. The total capital expenditure of the mine by 2013 was US$2.3 billion.