Antamina to spend $390m on mine reno
Peru’s Compañía Minera Antamina is planning to invest $390 million in a series of upgrades to
Recently, the miner submitted a technical report to the National Service of Environmental Certification for Sustainable Investments or
The upgraded crusher is going to be semi-mobile and should be able to process 13,200 tonnes of ore per hour. Overall, the company expects to be able to process 85 million tonnes of mineral per year.
Antamina is also planning to optimize the site’s wastewater treatment system and the recycled water system.
The proposal is currently under evaluation at the
Antamina’s mine is located 4,300 metres above sea level in the San Marcos district of the Huari province. It is considered one of the world’s top 10 copper producers by volume and it is responsible for 18% of Peru’s copper output.
Besides copper, it also produces a large amount of zinc, lead, and silver and it is comprised of various stakeholders. BHP Billiton (ASX:BHP) and Glencore (LON:GLEN) each have 33.75% stakes in Antamina. Teck Resources (NYSE:TCK) holds a 22.5% stake in the mine and Mitsubishi Corporation has 10%.