The Quechua copper exploration project involves the construction of drill rigs over a three-year period. Compañía Minera Quechua S.A. expects to produce 75,000 metric tons of fine copper.
Quechua is expected to require an investment of US$490mn and produce 1.30Mt of copper in concentrate, or 76,000t/y, over its 17-year life. The project is slated to produce 62 jobs during the exploration period.
Compañía Minera Quechua is a subsidiary of Japan's Pan Pacific Copper, established in 2008.
Pan Pacific Copper is owned by JX Nippon Mining & Metal (66%) and Mitsui Mining & Smelting (34%).
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|Primary activities, subsector||Mining|
|Secondary activities||Copper Mining|