- Write by:
-
Tuesday, September 4, 2018 - 3:23:51 PM
-
1021 Visit
-
Print
Mining News Pro - Minsur Mining Company has borrowed $ 900 million from 16 banks for the Mina Justa copper project in the Ica region of South P
According to Mining News Pro -Local news agencies said the investment was expected to reach $ 1.5 billion for the development of the mine, and Minsur provided other remaining costs through cash and stock flows.
Chief Executive Officer Juan Luis Kruger said the cost estimate for this project is being finalized and it is expected that the exact details will be revealed by the end of the current month.
Construction operations will begin in November, and production starts in May 2020. During this operation, the cathode and concentrate volume will increase to about 100 thousand tons per year. The operation will be run as a subsidiary of Marcobre, a subsidiary of Minsur.
The company had already predicted that it will receive the loan in the third quarter.
Short Link:
https://www.miningnews.ir/En/News/253030
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 ...
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
No comments have been posted yet ...