Xstrata has advantage in Las Bambas water supply
Anglo-Swiss mining group Xstrata sees few problems related to water in the development of its Las Bambas copper project in southern Peru’s Apurimac region, according to the project’s general manager, Valentin Choquenaira. “We have an advantage when it comes to water in Apurimac. There are six micro basins located exactly where the project is,” Choquenaira [...]
Client Earth report on Rio Tinto
London law firm Client Earth has recently published a critique of Rio Tinto’s corporate reporting in the light of the Companies Act 2006 requirements, comparing Rio Tinto’s record with its reporting, and referring the company to the Financial Reporting Review Panel, which is responsible for ensuring full and honest reporting by UK listed companies. See [...]
Xstrata approves US$1.47bn Antapaccay copper project in Peru
Anglo-Swiss mining group Xstrata’s board has approved an investment of US$1.47bn to develop the Antapaccay copper project as a brownfield expansion to the Tintaya red metal mine in southern Peru’s Cuzco region. Peruvian authorities recently approved the project’s EInvironmental Impact Statement. See http://www.bnamericas.com/news/mining/Xstrata_approves_US*1,47bn_Antapaccay_copper_project/195034239.
Rio Tinto’s La Granja study to take 1-2 years – Peru
A study of development options underway at Anglo-Australian miner Rio Tinto’s La Granja copper project in Peru is likely to take another 12-24 months to complete, according to Andrew Harding, Rio Tinto’s chief executive, copper. The study aims to consider different project scales and potential roads to development. “We’ve got a number of degrees of [...]
Trafigura penetrates further into Peru
Swiss-headquartered Trafigura boasts of being the world’s second largest non-ferrous metals’ trader. In this regard, only Glencore pips it to the post. Notorious for its alleged dumping of tonnes of toxic wastes on the Ivory Coast in 2006, Trafigura runs its metals’ trading subsidiary, Galena, out of London, UK. The firm operates one mine in [...]
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