Southern Copper Corp. (SCC) is interested in discussing
a potential investment with Anglo American Plc in Perus
Quellaveco copper project, it said recently.
Quellaveco is a
greenfield copper project in the Moquegua region of southern
Peru with a potential start-up set for 2016. Anglo American
owns 81.9 percent of the project, with the remaining 18.1
percent acquired by Japans Mitsubishi Corp. in February
About three years ago,
SCC had expressed preliminary interest to London-based Anglo
American about a potential joint development of the Quellaveco
Mine, and SCC is still interested, Gonzalez Rocha, SCCs
president and chief executive officer, told AMM sister
publication Metal Bulletin in a telephone
The project, however,
hasnt received the approval from Anglo Americans
board, according to the companys website.
Quellaveco is estimated to reach 225,000 tonnes per year of
copper, with molybdenum and silver as by-products.
A version of this
article was first published in AMM sister publication Metal