Portfolio investment in mining exploration projects and expansion
Some of the 38 projects listed have not defined the date of commencement of operations or the date of construction as are still under study and permits. According to the report of the MEM, seven mining companies made expansion projects, among which Cormorant Metals of Brazil, which allocated $ 500 million to expand Mariquilla zinc refinery (Lima).
To increase the production of the Marconi iron mine (Ica) Shrugging Herero Peru plans to invest 1.000 billion from the year 2011. Another expansion project will be undertaken by Southern Copper Corporation, which will spend $ 600 million to expand the smelter and refinery in Ilk (Monegasque), in addition to Torquemada (Tacna) and Cajan (Monegasque). In this case is scheduled to begin operations by 2012.
It is also hoped that the Societal Mineral Cerro Verde (SMCV) expand its mining operations in Arequipa, with an investment of 1.000 billion dollars in 2012. Other projects will be in charge of Campanile Mineral Anta mina, which will allocate 1.100 million to expand its operations in Ancash in 2011, the Societal Mineral El Boral, which will invest 197 million in the mine Colloquial (Junín) and Barrack Misquichilca will invest 400 million in the Laguna’s Notre mine (La Libertad).
Among the confirmed investments for new mining projects, is the Tia Maria project in Arequipa Southern (950 million), China co Toromocho in Junín (2.200 million) and The Trench Buenaventura in Cajamarca (60 million). Projects that already have the feasibility study are the Rio Blanco project in Piura Zoning Mining Group in China by 1.440 million dollars and the Moquegua Quellaveco in Anglo American (UK) in which an investment is expected to run of 3.000 million.
Among the projects under exploration include Galen (Cajamarca) Jiangxi Copper China with 2.500 billion, La Granja (Cajamarca) Rio Tinto in the UK with 1.000 million, Michiquillay (Cajamarca) of Anglo American with 700 million and Chaquicocha (Cajamarca) of Mineral Yanacocha 400 000 000. There is also the project Quechua (Cusco) Mitsui Mining in Japan with 490 million dollars, Pukaqaqa (Huancavelica) and Hilarion (Ancash) of Company Mineral Milo both with 300 million investments, and Antapaccay (Cusco) Xstrata 1.500 million.
The portfolio includes Tantahuatay (Cajamarca) Mineral Bonaventure 56 million dollars, Cerro Copan – Huillque (Cusco) Cuero Resources Canada, Pampa Congo (Arequipa) of Nanjing Group for 3.280 million and Corang (Puno) Bear Creek Mining United States for 428 million. Also included Minas Conga (Jamaica) Anaconda with 3.000 million, Magisterial (An cash) Inca Pacific Resources of Canada with 402 million Canaries (Lambaste) Condense Resources Canada with 1.200 million, Constancies (Cusco) Norseman Mining Canada with 846 million.
In addition, projects Pucamarca (Tacna) Mansur with $ 90 million, Las Bombast (Apurimac) Xstrata 4.200 million, Herero Apurimac (Apurimac) Strike Resources of Australia with 2.300 million, the chances (Apurimac) Southern with 1,200 million and Microbe (Ica) Chariot of Canada with 744 million. Finally, projects Aquila An tares Peru with $ 301 million, Arena (La Libertad) of Rio Alto Mining of Canada with 360 million Shauhindo (Cajamarca) Sullied Gold in Canada with 90 million and Chucapaca (Moquegua) in Quarries Find over 700 million.
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