Glencore Peru Holding, a Peruvian entity controlled by Glencore, has announced the acquisition of 100% of the shares of Compañía Minera Quechua S.A., including full ownership of the Quechua copper project located in Espinar, Cusco.
“The addition of the Quechua project to our portfolio further expands our investment in Espinar. More importantly, the project has the potential to support our Antapaccay mine given its close proximity to the operation and its Coroccohuayco project,” said Luis Rivera, Chief Operating Officer of South America at Glencore.
“The area is highly mineralized, offering volume upside and longevity,” said Jon Evans, Industrial Lead Copper at Glencore.
Source: cyprusshippingnews.com
