Peru's largest copper mine, Antamina, plans to start work next year on a delayed project to extend the lifespan of its site until 2036, the firm's president said, while awaiting official approval of the environmental license. Victor Gobitz, president of Antamina, controlled by Glencore, BHP, Teck and Mitsubishi, told Reuters the bulk of an estimated $2-billion investment will be spent in 2025.
LIMA - Peru's largest copper mine, Antamina, plans to start work next year on a delayed project to extend the lifespan of its site until 2036, the firm's president said, while awaiting official approval of the environmental license., president of Antamina, controlled by Glencore, BHP, Teck and Mitsubishi, told Reuters the bulk of an estimated $2-billion investment will be spent in 2025.
"With the environmental license we will immediately seek the construction license, which has short time frames, and in a few months we will be ready to start carrying out the investment in 2024," Gobitz said in a telephone interview. Antamina has not ruled out requesting a further extension of its mine's lifespan. The site also produces silver and zinc.
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