China Minmetals constructs copper mine
- Publishing Date
- 02 Nov 2009 10:39am GMT
- Author
- Mining Magazine
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China Minmetals plans to begin the construction of its US$1 billion Galeno copper mine in Peru in 2010, with production expected to commence in 2012. The project is currently undergoing comprehensive feasibility studies.
China Minmetals, which holds a 60% stake in Galeno, had previously declared a 2014 target for commencing operations at the mine. Other stakeholders include China's publicly-traded Jiangxi Copper.
A 2007 feasibility study on Galeno demonstrated that over two decades it would generate 144,000t/y of copper in concentrate form, averaging 200,000t/y in the first five years.
China Minmetals, which holds a 60% stake in Galeno, had previously declared a 2014 target for commencing operations at the mine. Other stakeholders include China's publicly-traded Jiangxi Copper.
A 2007 feasibility study on Galeno demonstrated that over two decades it would generate 144,000t/y of copper in concentrate form, averaging 200,000t/y in the first five years.
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