• The multimillion-dollar investment is primarily aimed at the underground project at Mina Justa and at consolidating its position as the world's second-largest tin producer.

Minsur will invest nearly US$900 million over the next 5 years in its copper and tin operations at Mina Justa and San Rafael, as well as in exploration studies for new projects, announced the company's general manager, Juan Luis Kruger Sayán.

Regarding the Mina Justa operation, the company is conducting studies for the expansion known as "Mina Justa Subterránea." This is a brownfield project, and according to the initial analysis by the company, the investment is estimated at around US$ 500 million. This investment is expected to increase copper production at the mine located in the San Juan de Marcona district (Ica) by 30%.

Kruger, who participated as a panelist on the third day of PERUMIN 36, was optimistic about this investment and mentioned that they hope that the government, which has shown signals of support for mining investments, "will support them with permits and licenses." If this happens, Justa Subterránea could begin production in 2027.

Explorations

Additionally, the mining company plans to invest between US$ 300 million  and  400 million in exploration studies for new tin projects over the next five years, as well as to ensure the sustainability (reinvestment) of the San Rafael mining project (Puno).

According to Kruger, this significant investment aims to consolidate the position of the Breca Group, the conglomerate that owns Minsur, as the second-largest producer of tin in the world and the only one in Peru. It is worth noting that as of December 2022, Peru's tin production reached 2,666 MT, surpassing the 2021 production by 2.3%.

Another projected investment is focused on the modernization of Raura, a polymetallic mine (copper, lead, silver, and zinc) located between the departments of Huánuco and Lima. The goal of the Breca Group in this project is to achieve the highest environmental standards and improve production.