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Cajamarca, JULY 18 2024 There are eleven projects valued at US$ 13.948 billion that already have start dates

Most of them are expected to start between 2025 and 2028. These projects include the expansion of Mina Justa, Trapiche, Integración Coroccohuayco, and Zafranal.

Miguel Cardozo, former director of the Peruvian Institute of Mining Engineers (IIMP) and president of Alturas Minerals, announced at a recent Heading to PERUMIN event in Cajamarca that eleven mining projects valued at US$13.948 billion already have estimated start dates.

Among the projects that will begin expansion between 2023 and 2024 are the Toromocho Expansion with an investment of US$815 million, the Antamina Replacement with US$1.604 billion, and Chalcobamba Phase 1 with US$130 million.

For the 2025-2028 period, the following projects are expected to start: Mina Justa Expansion, with an investment of US$500 million; Trapiche, with US$1.038 billion; Integración Coroccohuayco, with US$1.5 billion; and Zafranal, with US$1.263 billion.

Finally, the projects that would begin between 2029 and 2032 are Michiquillay, with an investment of US$2.5 billion, Los Chancas, with US$2.6 billion, and Coimolache Sulfuros, with US$598 million.

Most of these projects are in the conceptual, pre-feasibility, implementation and feasibility stages. According to Cardozo, it is important to note that there are 11 projects with estimated start dates, but there are still 17 that do not have defined dates for various reasons. The projects are located in Cajamarca, Cusco, Arequipa, Apurímac, Ica, and other regions.

Projects without start date

On the other hand, Cardozo noted that most of the projects without a start date are located in Cajamarca, Piura, and Lambayeque, and many of them face social blockades. Among them are Río Blanco, with an investment of US$2.5 billion and 21 years of blockades; Conga, with US$4.8 billion and 12 years of paralysis; and Cañariaco, with US$1.6 billion and 11 years of no progress.

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