Empresas Copec, 40% owner of the Mina Justa project in Peru, through its mining subsidiary Alxar, reported that the initiative has reached 30% progress in its construction works.
The Mina Justa project is located in the district of Marcona, in the Ica region, and will involve an approximate investment of US $ 1.6 billion, which consolidates it as the second largest copper project to start the construction phase in Peru.
“The project already has an advance of 30%, we have 4,400 people who participate in this project at this stage,” said the firm during the last delivery of results during the end of the first quarter.
These important advances are in line with the plans that the Copec group has with Minsur, the owner of the remaining 60%, to start Mina Justa production at the end of 2020.
In this context, it is considering an initial project that could produce 100,000 tons of copper per year in cathodes and concentrates from the operations of two open-pit mines.
It considers two processing facilities that will use a 6.0 Mtpa copper sulphide concentrator and an SX-EW oxide leach facility to produce 12.0 Mtpa.
The project is one of several currently in the mining industry in Peru, a sector that aims to grow around 24% this year.
According to the Ministry of Economy and Finance of Peru, the construction of this mining project in the first year will contribute up to 1.1 percentage points on the annualized variation of private investment and 0.2 percentage points in GDP.