Lima, Peru – Minsur S.A. (Grupo Breca) has announced that its subsidiary, Cumbres Andinas, which holds a 60% stake in Marcobre, the operator of the Mina Justa copper mine in Ica, has approved the selection phase study for the Mina Justa Underground Project (Puerta 2). This initiative aims to extend the life of the open-pit
New Delhi, April 2, 2025 – Chile’s state-owned mining company, Codelco, has signed a cooperation agreement with Hindustan Copper Limited, India’s state mining firm. The deal aims to enhance collaboration in mineral exploration and extraction by exchanging expertise and knowledge between the two companies. The agreement was formalized during Chilean President Gabriel Boric’s state visit
Santiago, Chile – April 1, 2025 – Codelco, Chile’s state-owned copper producer, has secured a crucial financing agreement with the Japan Bank for International Cooperation (JBIC) to reinforce the global copper supply chain. The deal includes a $466 million loan from JBIC, complemented by an additional $200 million co-financed by a commercial bank. Strategic Alliance
Swiss cement giant Holcim has announced the acquisition of 100% of Compañía Minera Luren (CML) and its subsidiaries, a move expected to contribute 25% of its revenue in Peru by 2025. This transaction marks a significant milestone in Holcim’s expansion strategy, representing its third acquisition in the country within the past seven months. “This acquisition
Codelco, Chile’s state-owned copper producer, anticipates a 50% surge in sales for the first quarter of 2025 compared to the same period in 2024, driven largely by increased demand from the United States. According to CEO Rubén Alvarado, if current projections hold, the company will sell approximately 50,000 more tons of copper than in the