off-the-wire

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

Kitco Media
By Reuters
Published:
Updated:
Reuters
Peru’s Minsur to start work on $500 million copper mine in October teaser image

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)

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.