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Minera Las Bambas S.A.C.

Company Detail

Description

Minera Las Bambas S.A.C., a consortium made up of MMG Ltd. – the Hong Kong listed unit of China Minmetals Corp. – Guoxin International Investment Corp. and Citic Metal Co. Ltd., acquired Las Bambas, Peru's largest copper-molybdenum project, from Swiss group Glencore in 2014. Las Bambas, which adds to China Minmetals' Galeno copper project in Peru's northern Cajamarca region, has 10.5Mt of reserves and is scheduled to produce at least 400,000t/y of copper during its first five years of operation.

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