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Chile's Copec to Acquire the Copper Project Shares in Peru--Annual Production of 100,000 Tons!
Apr 27, 2018


On April 24, Chilean industrial group” Empresas Copec SA” has reached an agreement with Peru’s Minsur to acquire a 40% stake in a holding company which owns a Peruvian copper mine project with a valuation of US$168.5 million.


Minsur will still retain 60% ownership of Cumbres Andinas S.A. and control the Mina Justa project.636250786269669062.jpg


Copec said that Mina Justa, which is expected to invest approximately US$1.6 billion, will begin construction in the second half of 2018 and start production in 2020 or 2021. The project should produce about 100,000 tons of copper annually for 18 years.


Copec also operates forestry, energy and other mining companies.

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