One Miner Plans to Spend US$8.2 Billion in Peru. A Mudslide Has Arequipa Cut Off

Peru · MINING

Key Facts

—The pipeline Southern Copper’s four main Peru projects come to about US$8.2 billion by 2033. Its full roadmap to that year runs to roughly US$9 billion, and it tells the SEC its Peru spending could surpass US$10.3 billion over the decade.

—Tía María About US$1.8 billion, 42% complete at 30 June, due on stream in 2027 at around 120,000 tonnes of copper a year.

—The bigger two Los Chancas in Apurímac at about US$2.6 billion for 2031, and Michiquillay in Cajamarca at about US$2.5 billion for 2032, the latter rated at 225,000 tonnes a year.