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Antamina expects to start lifespan extension works next year
Peru’s largest copper mine, Antamina, plans to start work next year on a delayed project to extend the lifespan of its site until 2036, the firm’s president said, while awaiting official approval of the environmental licence. Victor Gobitz, president of Antamina, controlled by Glencore, BHP, Teck and Mitsubishi, told Reuters the bulk of an estimated $2 billion investment will be spent in 2025. Antamina had hoped to win environmental approval for the so-called “Antamina Replenishment” project in the first half of this year, but the country’s mines and energy ministry said it would approve this by the end of ... (full story)