The News 28/09/09

Anglo American mining will start operation of the Quellaveco mine at a cost of US$ 3,000 million in 2014

The mining company Anglo American of the United Kingdom will start production of copper and molybdenum in their mine Quellaveco, located in the Moquegua region, from the year 2014 with an investment of between US$ 2,500 million and US$ 3,000 million, said Director of the Company in Peru, Luis Marchese.

"The Quellaveco project is at an advanced stage and we want to complete the basic engineering studies later this year; the expectation is that this project will begin production around the year 2014. The miner expects to produce 225 thousand tons of fine copper annually when it reaches full production from the 2016 year.

He said the company is evaluating a number of changes to the Environmental Impact Assessment study (EIA), of the project, which was approved in 2000 and 2001. "We have submitted an EIA amendment to the Ministry of Energy and Mines (MEM), because we changed some parts of the project and it is now in the final stages of approval in the Ministry," said the executive.

He said that these amendments proposed changing the method of supply of water for the project and the location of the concentrates plant.

But Anglo American also announced it will soon present a second amendment to the EIA as well as to change the port through which Quellaveco exports minerals.

"We are now considering using the port Enersur in Ilo (Moquegua), for the output of the concentrates; before we considered the port of Matarani (Arequipa), but for various reasons we decided to change it, among these is the distance of both ports from the mine" he explained.

Anglo American is in talks with Enersur to use its port and is conducting studies for these changes. It should be noted that the Enersur port has a pier a kilometer away and that this receive ships that carry coal for thermoelectric use in Ilo 21. Marchese highlighted that the international crisis has affected all mining companies, but investment by Anglo American Exploration in Peru have not stopped, due to the country's mining potential.
This document has been obtained from http://www.latinomineria.com/