Xstrata's Peru copper project to cost $5.2B
Jan 29, 2013 | 12:58 PM
| Carolina Guerra
Tags
Xstrata Copper,
Las Bambas,
Antapaccay,
Antamina,
Charlie Sartain,
Carolina Guerra
SÃO PAULO — Xstrata Copper has confirmed that its investment in the Las Bambas project in southern Peru will total an estimated $5.2 billion—about $1 billion more than when the project was approved in August 2010.
The project, which is currently under construction, is expected to produce at least 400,000 tonnes of copper annually in its first five years, with a life span estimated at more than 20 years. Commissioning is expected to start at the end of 2014, with production ramp-up in 2015.....
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