Peru’s Minsur to start work on $500 million copper mine in October

Peruvian miner Minsur is set to kick off blasting work in October for an access tunnel to an underground copper mine expected to cost some $500 million, an executive at the firm said on Wednesday, part of the Justa mine expansion plan.

Juan Luis Kruger, CEO of Minsur, said in a forum with mining executives in Arequipa, in Peru’s south, that the underground mine is targeted to become the nation’s second-largest.

Peru is the world’s third-largest copper producer.

(By Marco Aquino; Editing by Sarah Morland)

Reuters

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Peru’s Minsur to start work on $500 million copper mine in October

By Reuters

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