Peru's $3.5 Billion Toromocho Copper Mine Project Begins Production

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Researched by Industrial Info Resources Latin America (Cordoba, Argentina)--Minera Chinalco Peru S.A. (Lima, Peru), a subsidiary of Aluminum Corporation of China (Chinalco) (Beijing), started production at its Toromocho copper mining project in Peru on December 10.

The $3.5 billion project, which is at an altitude of 4,500 meters in the district of Morococha, in the Yauli province, is expected to generate 2,500 direct jobs and help boost Peru's copper output 17% in 2014.

Toromocho consists of an open-pit mine and a 117,200-ton-per-day ore-processing plant, with the world's largest semi-autogenous grinding (SAG) mill. It will produce an average of 250,000 tons of copper in concentrate, as well as molybdenum and silver as by-products. Toromocho holds reserves of 1.53 million tons at a grade of 0.48% copper and 6.9 grams per ton of silver. It has an estimated mine life of 36 years.

Minera Chinalco Peru S.A. plans to expand the project at a cost of $1.3 billion. The company plans to increase production throughput 45%, reaching an ore-processing capacity of 170,000 tons per day. Construction is expected to begin next year.

Chinalco is one of the largest Chinese state-owned enterprises. It is the second-largest producer of alumina and the third-largest producer of primary aluminum in the world.

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