Quellaveco copper mine expansion, Peru
Photo by Anglo American
Name of the Project
Quellaveco copper mine expansion.
Location
Moquegua region, Peru.
Project Owner/s
Global mining company Anglo American.
Project Description
Quellaveco has a life-of-mine of 36 years. The mine is projected to deliver about 300 000 t/y of copper on average in the first ten years of operation.
There is significant expansion potential that could sustain production beyond the initial high-grade area. The mine’s processing plant has throughput permitted to 127 500 t/d.
A change in legislation in June 2024 has increased the permit allowance from 5% to 10%, allowing for throughput to increase from 133 800 t/d to about 140 000 t/d.
Considering this, studies are under way for an incremental expansion of the processing plant to 140 000 t/d, potentially by late 2026.
Subsequent expansion options, including an option to increase the plant throughput to
150 000 t/d, are in the prefeasibility study stage and, subject to further permitting, could benefit production from late 2027.
Local and regional expansion potential of the mine is also being evaluated.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$100-million, subject to project approval.
Planned Start/End Date
First production is expected in 2026.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Anglo American media, Marcelo Esquivel, tel +44 20 7968 8891 or email marcelo.esquivel@angloamerican.com.
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