-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Chinese company MMG is expected to invest $2 billion over the next five years to expand its Las Bambas copper mine in Peru and is considering potential acquisitions to further boost production
.
Las Bambas general manager Edgardo Orderique said at the Peruvian mining conference that the company hopes to double copper production by 2025 and another doubling
by 2030.
The mine is expected to produce 240,000 tonnes of copper
in 2022 due to years of declining ore grade and years of declining production due to social conflicts.
Peru is the world's second largest producer of copper, and Las Bambas is one of the world's largest producers of
red metals.
Las Bambas, which operates in the Peruvian Andes in 2016, has often been disrupted by indigenous communities who say its vast mineral wealth has not translated into better living conditions
.
"The cost of conflict so far in 2016 has been about 528 days of operational disruption, which we have experienced for almost a year and a half," Orderique said
.
Most of the disruptions affected copper trucking, not copper mining
.
Las Bambas is currently trying to build a second pit, but work
has stopped due to opposition from the indigenous Huancuire community.
Orderique said he hopes the pit can be built "over the next few months" to compensate for the current decline in ore grade in the pit
.
MMG has previously said it will not move forward with the project until a lasting agreement is reached with the
Huancuire community.
Chinese company MMG is expected to invest $2 billion over the next five years to expand its Las Bambas copper mine in Peru and is considering potential acquisitions to further boost production
.
Las Bambas general manager Edgardo Orderique said at the Peruvian mining conference that the company hopes to double copper production by 2025 and another doubling
by 2030.
The mine is expected to produce 240,000 tonnes of copper
in 2022 due to years of declining ore grade and years of declining production due to social conflicts.
Peru is the world's second largest producer of copper, and Las Bambas is one of the world's largest producers of
red metals.
Las Bambas, which operates in the Peruvian Andes in 2016, has often been disrupted by indigenous communities who say its vast mineral wealth has not translated into better living conditions
.
"The cost of conflict so far in 2016 has been about 528 days of operational disruption, which we have experienced for almost a year and a half," Orderique said
.
Most of the disruptions affected copper trucking, not copper mining
.
Las Bambas is currently trying to build a second pit, but work
has stopped due to opposition from the indigenous Huancuire community.
Orderique said he hopes the pit can be built "over the next few months" to compensate for the current decline in ore grade in the pit
.
MMG has previously said it will not move forward with the project until a lasting agreement is reached with the
Huancuire community.
