The Ministry of Energy and Mining will undertake a technical assessment of Environmental Impact Studies in parallel.
The region will produce 55.5 million tons.
The Mantoverde desalination plant will supply 80% of the mine’s requirements. Although the company has no expansion plan, “it is a possibility,” said the vice president for Anglo American Norte.
Project seeks to combat informal mining in the region.
The mining firm said it would use the funds from the sale to repay debts.
Construction of the El Limon-Guajes project began in November 1st 2013 and is due to end in 21 months.
The forest species under threat include palm trees, such as the moriche palm, which the local population uses for food and to produce oils.
Canada Nautilus plans to launch the world’s first underwater mining operation in 2017. The ship will be located in the Solwara project in Papua New Guinea.
Peru’s Minister of Energy and Mines Eleodoro Mayorga said that by 2018 “we will have the Southern Gas Pipeline operating which we have recently awarded in one of the largest investments in the country and that by 2025 we will have the Northern Gas Pipeline and the Central Gas Pipeline which together will form the National Gas Grid.”
Deputy Mines Minister Guillermo Shinno revealed that the state granted 1,894 concessions during the first eight months of the year.