Mining companies to invest $51.4bln in Peru
Lima, October 16, 2011.
Source:
Andina
Mining companies in Peru will invest $51.49 billion in new mines and expansion projects, and the trend to undertake more projects will continue in the coming years, the Ministry of Energy and Mines (MEM) said Sunday.
Toromocho, Minera Chinalco
Minera Chinalco Perú S.A. is a Peruvian junior mining company that belongs to the Aluminum Corporation of China (CHINALCO), a state-owned enterprise of the People’s Republic of China. This corporation is a recognized leader in the non-ferrous minerals industry and aspires to become a worldwide polymetallic producer.
CHINALCO is a recent arrival on the Peruvian scene. It was only in August 2007 that it acquired 100% of the shares belonging to Peru Copper Inc. It obtained control of the Toromocho Project concession and assets in the district of Morococha, Yauli
province, Junín, in the very heart of
Peru’s Andes on May 5, 2008. Source:
Chinalco.com.
