• The company expects approval of the Modification of the Environmental Impact Assessment by the end of the year. The investment will exceed US$2 billion.

Antamina plans to increase its copper reserves by 500 million tons with the Antamina Replacement Project. This operation aims to extend the mine's lifespan from 2028 to 2036 while maintaining the same exploitation area. To this end, the company will invest over US$2 billion, with US$1.604 billion earmarked for the construction phase and US$400 million for the maintenance phase.

To realize the project, the mining company is awaiting the approval of the Modification of the Environmental Impact Assessment (MEIA), a process initiated in October 2019. According to Fabiola Sifuentes, Vice President of Health, Safety, and Environment at Antamina, it should conclude by the end of the year.

She explained that, at present, they are in the third and final stage of the approval process for this document. 'We have already submitted the document and addressed the comments made to the National Service of Environmental Certification of Sustainable Investments (SENACE) and the relevant advisory authorities,' she noted.

Sifuentes participated in the panel discussion on the “brownfield investment portfolio” during the third day of PERUMIN 36. “With these investments, we have an opportunity to accelerate the development of the mining project portfolio and contribute to the country's economy. Antamina is an example of this,” she added.

The executive mentioned that the mine's lifespan could potentially extend to 2050. She stated that through the Antamina Replacement Project, the country’s Gross Domestic Product (GDP) could increase by 1.3%