Antamina expansion agreed in Peru
Posted on | January 7, 2010 | Comments Off
The board of Peruvian copper-zinc producer Minera Antamina has approved a US$1.29bn expansion project, the mine’s owners announced Tuesday. London-listed BHP Billiton and Xstrata and Canada’s Teck separately reported the plan to go ahead with a 38% increase in the processing rate to 130,000t/d. The multinationals own 33.75%, 33.75% and 22.5%, respectively of Antamina. The remaining 10% is held by Japan’s Mitsubishi.
There has been strong local opposition to the expansion.
See http://www.bnamericas.com/news/mining/Antamina_approves_US*1,3bn_expansion/168705262.
