AQM Copper Peru SAC Performs Preliminary Economic Assessment for Zafranal Project in Peru

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May 17, 2012--Researched by Industrial Info Research Latin America (Córdoba, Argentina)--Minera AQM Copper Peru SAC (Lima, Peru), the joint venture between AQM Copper Incorporated (TSV:AQM) (Vancouver, British Columbia) and Teck Resources Limited (NYSE:TCK) (Vancouver) is working on the preliminary economic assessment for its Zafranal mining project, which is 90 kilometers northwest of Arequipa, in southern Peru. Industrial Info estimates the cost of developing the project to be in the $1.11 billion range and will consist of a high-grade copper and gold porphyry operation with significant development potential.

The project involves the construction of an underground mine and a mill to process between 40,000 and 80,000 tons of mineral per day, to produce 300,000 tons of copper concentrate per year. A seawater reverse osmosis desalination plant will be constructed on the coast about 80 kilometers from the project location. The plant will pump 450 liters of water per second from the sea level up to 2,300 meters altitude. A 125-kilometer pipeline is also planned to connect the desalination plant with the processing facilities.

Minera AQM Copper Peru SAC has already made the shortlist of five engineering firms for the development of the prefeasibility study, and will select one of them by the second half of the year.

AQM Copper is a mineral exploration company focused on the development of base metal deposits projects in South America. The company also owns the Elenita project in northern Chile.

Teck Resources Limited is a diversified resource company with mining and mineral development projects in Canada, the U.S., Chile and Peru. The company also has active explorations for copper, zinc and gold in the Americas, Asia, Europe and Africa. Peru is the country with the most important number of mining projects under development in South America, with 161 projects worth more than $68 billion.

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