March 6, 2020
Terpel sold three series of bonds
The Copec subsidiary sold three series of bonds for COP$ 470 billion in the Colombian Stock Exchange (BVC). Demand excee...
Business / Published January 24, 2020
Mina Justa is 75% complete
In an interview with El Mercurio newspaper, Alxar’s chief executive Erwin Kaufmann spoke about the copper project highlighting that the schedule has been completed without alterations, with ore production expected to start by October of this year.
In 2018, Empresas Copec became a shareholder in Mina Justa, after an agreement with the Peruvian group Breca, by acquiring 40% of Marcobre, owner of the copper project. Two years after this milestone, Kaufmann takes a positive assessment of this partnership. “Not only did it meet expectations, but it exceeded them. It has been a very good job, very complementary. It has been less difficult than one might suppose, due to the fact that we take the time to find the right partner with the right project,” the executive said.
The Mina Justa deposit is located in the region of Ica, in southern Peru, and includes a total investment of US$ 1.6 billion. Currently, it is 75% complete and 5,500 people are working on the project.
To read Erwin Kaufmann’s interview in Spanish in El Mercurio, click here.