The recent move by multinational resource group Anglo American announcing it has decided to build the Quellaveco copper project in Peru, acquired in 1992, is expected to impact the mining industry and the whole economy of the Andean country.

The decision was coupled with news that the UK-based miner has a new drilling campaign ongoing in the west-central Brazilian state of Mato Grosso at what is rumored to be the next major copper discovery

Both items were announced on July 26 by CEO Mark Cutifani (pictured), who affirmed in a conference call to discuss the company's Q2 earnings that "we've got a great position, and we're able to convert that opportunity and something very real with Quellaveco ... we've got some great internal options both from a greenfield perspective, a brownfield perspective. 

"And longer term, we think our exploration work will position us even further in terms of the industry. So, a great position to be in," he added.

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