Who operates Antamina?
Compañía Minera Antamina S.A.
Antamina is a large, low-cost copper and zinc mine. It is operated independently by Compañía Minera Antamina S.A. Antamina produces copper and zinc, and by-product credits of molybdenum and silver. Copper and zinc concentrates are transported 300 kilometres by pipeline to the port of Huarney.
Who owns Antamina mine?
Peruvian base metals miner Compania Minera Antamina is jointly owned by Teck, BHP, Glencore and Mitsubishi Corporation. BHP and Glencore each own a 33.75% stake in Antamina. Teck Resources holds a 22.5% stake in the mine, while the remaining 10% is owned by Mitsubishi Corporation.
How much copper is produced in Peru?
2.5 million tonnes
“Peru produces 2.5 million tonnes of copper annually, so every cent the copper price goes up represents an additional US$50 million in revenue.
Who owns copper mines in Peru?
Cerro Verde Mine It is owned by Freeport-McMoRan and produced an estimated 371.94 Thousand tonnes of copper in 2020.
Who owns the mines in Peru?
Anglo American Quellaveco S.A. was the leading mining company in the Peruvian mining sector in 2020, based on investment value. That year, the company’s investments amounted to more than 1.3 billion U.S. dollars, representing almost one third of mining investments in Peru.
Who owns Sierra Gorda mine?
KGHM International Ltd
Sierra Gorda Mine in Chile is a copper and molybdenum open pit mine which started production on October 1, 2014. Sierra Gorda SCM is the project company operating the mine. KGHM International Ltd (55%) and South32 (45%) are the owners of Sierra Gorda SCM. Feasibilities studies were done on 2011 by Fluor Corporation.
Is there still gold in Peru?
Over the past three decades, small-scale gold mining has led to more than 100,000 hectares (250,000 acres) of forest loss in the Peruvian Amazon. While government agencies and conservation groups have successfully curbed such activity in recent years, new mining hotspots still pop up in unauthorized zones.
Who owns the gold mines in Peru?
Newmont (NYSE: NEM) (TSX: NGT), the world’s no. 1 gold miner by output, is buying Sumitomo Corp’s 5% stake in the Yanacocha mine in Peru for $48 million. The deal makes of the Denver, Colorado-based company the sole owner and operator of the vast gold mine, located in northern Peru’s Cajamarca region.
Who owns largest copper mine?
The Escondida mine in Chile is the world’s largest copper mine based on capacity, with a capacity of some 1.5 million metric tons. Escondida is owned by BHP Billiton, Rio Tinto, and Japan Escondida.
Where is Sierra Gorda mine?
Chile
The Sierra Gorda mine is located in Chile – in the Atacama Desert in the Antofagasta region, approximately 60 km south-west of the city of Calama in the north of Chile, at an altitude of approximately 1700 m. The Catabela area is currently being exploited with a target mining depth of approximately 1000 m.
Can I mine for gold in Peru?
Why is it illegal to mine gold in Peru?
Illegal gold mining strips lands of its resources, destroying forests, water, and soil quality, leaving behind barren landscapes polluted by mercury. The conversion of forest to mine site generates significant greenhouse gas (GHG) emissions while also removing the capacity of that land to absorb future GHG emissions.