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EXECUTIVE SUMMARY
Mining has played a significant role in the country's economic growth in recent years. In
2017, it represented 9.9% of the national GDP, 8.6% of the revenues collected by the
national tax agency SUNAT and 61.8% of the total value of national exports. Evidently,
mining investments play a vital role in the Peruvian economy; therefore, the exploration of
mineral resources and the construction of new projects are encouraged, as the prosperity
of the industry will in hand contribute to the country’s development. Consequently, it is
essential for Peru to have a vision about the potential projects that will contribute to the
development of this activity in the coming years.
This Second Edition of the 2018 Mine Construction Project Portfolio consists of 48 projects,
with a global investment amount of US$ 59,134 billion, registering an increase of US$ 627
million compared to the previous edition.
The increase is due to the incorporation of two new projects, as well as investment
adjustments made by mining companies. Likewise, two mining projects found in the First
Edition were not considered in this edition as they completed the construction phase during
the current year: Ampliacion Marcona (US$ 1,100 billion) and Ampliacion Shahuindo (US$
109 million).
It is worth mentioning that at the end of 2017, US$ 3,780 billion had already been executed
in the development of the 48 projects, leaving US$ 55,354 billion to be invested in the coming
years.
Out of the 48 projects in the portfolio, seven are under construction and it is expected that
one will complete this stage by the end of this year (Ampliacion Toquepala). Six of the
projects began construction in 2018, committing US$ 8,880 billion. Additionally, it is
expected that six projects will begin construction in 2019.
Finally, 24 projects still have no scheduled start date due to factors associated with the
development process of the projects (EIAs and Feasibility Studies in process, additional
explorations, design changes, land acquisition, search for financing or interruption due to
social conflicts).
INDEX
SYMBOLOGY AND ABBREVIATIONS ………………………………………. 2
EXECUTIVE SUMMARY ………………………………………………………... 3
INDEX ……………………………………………………………………………… 4
I. INTRODUCTION ………………………………………………………… 5
I. INTRODUCTION
The General Department of Mining Promotion and Sustainability is pleased to present
the update of the Mine Construction Projects Portfolio with 48 projects and investments
amounting to US$ 59,134 billion. These investments include greenfield (new mines),
brownfield (existing mines) and tailings reuse projects.
In this publication, an analysis of the investments will be made according to the project’s
main characteristics, in order to present an estimated projection of the investments in
the coming years and explain the variations compared to the Portfolio’s first edition
published in March 2018.
In addition, technical specifications have been prepared for each project, detailing
general data, location, investment, technical components, as well as the description of
the current situation, among others.
Section II provides information about the mining construction projects portfolio according
to the year operations began, location, investor’s nationality, stage of progress, type of
mine, type of ore to be extracted, among others.
Then, Section IV describes the main changes that were registered compared to the first
edition of the 2018 Portfolio. Finally, the Annexes present the methodological aspects
and the technical specifications of the projects.
Out of the 48 projects, seven are in the construction phase, with total global investments
at around US$ 10,135 billion; five in the detailed engineering phase, with investments at
US$ 4,935 billion, 14 in the feasibility phase, with US$ 14,626 billion, and the remaining
22 are in pre-feasibility, with US$ 29,439 billion.
When categorized by mine type, there are 32 open-pit projects, eight underground
mining operations and five combined operations (open and underground). In addition,
there are three projects, one of which corresponds to the construction of a new
beneficiation plant for the treatment of tailings, that have not been defined yet.
2019 Quecher Main Minera Yanacocha S.R.L. Cajamarca Gold Construction 300
2019 Relaves B2 San Rafael Minsur S.A. Puno Tin Construction 200
2020 Ampliacion Toromocho Minera Chinalco Peru S.A. Junin Copper Construction 1,355
2020 Ariana Ariana Operaciones Mineras S.A.C Junin Copper Construction 125
2020 Mina Justa Marcobre S.A.C. Ica Copper Construction 1,600
2022 Quellaveco Anglo American Quellaveco S.A. Moquegua Copper Construction 5,300
2020 Ampliacion Santa Maria Compañia Minera Poderosa S.A. La Libertad Gold Detail engineering 110
2021 Optimizacion Lagunas Norte Minera Barrick Misquichilca S.A. La Libertad Gold Detail engineering 640
2022 Ampliacion Pachapaqui ICM Pachapaqui S.A.C. Ancash Zinc Feasibility 117
2019 2022 Corani Bear Creek Mining S.A.C. Puno Silver Detail engineering 585
2022 Integracion Coroccohuayco Compañia Minera Antapaccay S.A. Cusco Copper Feasibility 590
Southern Peru Copper Corporation, Sucursal
2022 Tia Maria Arequipa Copper Detail engineering 1,400
del Peru
2023 Pampa de Pongo Jinzhao Mining Peru S.A. Arequipa Iron Detail engineering 2,200
2020 2023 Yanacocha Sulfuros Minera Yanacocha S.R.L. Cajamarca Copper Pre-Feasibility 2,100
2023 Zafranal Compañia Minera Zafranal S.A.C. Arequipa Copper Feasibility 1,157
2023 Anubia Anubia S.A.C. Apurimac Copper Pre-Feasibility 90
Southern Peru Copper Corporation, Sucursal
2023 Los Chancas Apurimac Copper Pre-Feasibility 2,800
del Peru
2021 2023 Quicay II Corporacion Minera Centauro S.A.C. Pasco Gold Pre-Feasibility 400
2023 San Gabriel (Ex Chucapaca) Compañia de Minas Buenaventura S.A.A. Moquegua Gold Pre-Feasibility 431
2024 Fosfatos Pacifico Fosfatos del Pacifico S.A. Piura Phosphate Feasibility 831
2024 Haquira Minera Antares Peru S.A.C. Apurimac Copper Pre-Feasibility 1,860
2023 Magistral Nexa Resources Peru. S.A.A. Ancash Copper Feasibility 480
2022 Southern Peru Copper Corporation, Sucursal
2025 Michiquillay Cajamarca Copper Pre-Feasibility 2,500
del Peru
Ampliacion Bayovar Compañia Minera Miski Mayo S.R.L. Piura Phosphate Feasibility 300
Antilla Panoro Apurimac S.A. Apurimac Copper Pre-Feasibility 250
AZOD (Accha y Yanque) Exploraciones Collasuyo S.A.C. Cusco Zinc Pre-Feasibility 346
Bayovar 12 Juan Paulo Quay S.A.C Piura Phosphate Pre-Feasibility 168
Cañariaco (Norte) Cañariaco Copper Peru S.A. Lambayeque Copper Feasibility 1,600
Cañón Florida (Ex Bongará) Nexa Resources Peru. S.A.A. Amazonas Zinc Feasibility 214
Conga Minera Yanacocha S.R.L. Cajamarca Gold Feasibility 4,800
Cotabambas Panoro Apurimac S.A. Apurimac Copper Pre-Feasibility 1,533
Don Javier Junefield Group S.A. Arequipa Copper Pre-Feasibility 600
El Galeno Lumina Copper S.A.C. Cajamarca Copper Pre-Feasibility 3,500
To be defined
To be defined
El Padrino e Hilarión Nexa Resources Peru. S.A.A. Ancash Zinc Feasibility 470
Fosfatos Mantaro Mantaro Peru S.A.C. Junin Phosphate Pre-Feasibility 850
Hierro Apurimac Apurimac Ferrum S.A. Apurimac Iron Pre-Feasibility 2,900
La Granja Rio Tinto Minera Peru Limitada S.A.C. Cajamarca Copper Pre-Feasibility 5,000
Los Calatos Minera Hampton Peru S.A.C Moquegua Copper Pre-Feasibility 655
Macusani Macusani Yellowcake S.A.C. Puno Lithium Pre-Feasibility 800
Ollachea Minera Kuri Kullu S.A. Puno Gold Feasibility 178
Pukaqaqa Nexa Resources Peru. S.A.A. Huancavelica Copper Pre-Feasibility 706
Quechua Compañia Minera Quechua S.A. Cusco Copper Feasibility 1,290
Racaycocha Sur Minera Peñoles de Peru S.A. Ancash Copper Pre-Feasibility 1,000
Rio Blanco Rio Blanco Copper S.A. Piura Copper Feasibility 2,500
Rondoni Compañia Minera Vichaycocha S.A. Huánuco Copper Pre-Feasibility 250
San Luis Reliant Ventures S.A.C. Ancash Silver Feasibility 100
Trapiche El Molle Verde S.A.C. Apurimac Copper Pre-Feasibility 700
TOTAL (48 projects) 59,134
In 2019, it is estimated that the Corani project will start construction, with an investment of
US$ 585 million. Additionally, the start of construction of four brownfield projects is expected
for an investment equivalent to US$ 1,456 billion. These projects are: Optimizacion Lagunas
Norte, Integracion Coroccohuayco and Ampliacion Pachapaqui, whilst it is expected that the
Tia Maria project will start construction in this period after obtaining the corresponding
construction permit.
By 2020, it is expected that the Yanacocha Sulfuros, Zafranal and Pampa de Pongo projects
will commence construction, committing a joint investment of US$ 5,457 billion.
Also six projects would begin construction in 2021 for a total amount of US$ 6,412 billion.
These are: Los Chancas, Anubia, Quicay II, San Gabriel, Pacific Phosphates and Haquira.
• Ampliacion Toquepala
• Quecher Main
• Relaves B2 San Rafael
• Ampliacion Toromocho
• Ariana
• Mina Justa
• Quellaveco
• Yanacocha Sulfuros
• Zafranal
• Pampa de Pongo
• Los Chancas
• Anubia
• Quicay II
• San Gabriel
• Fosfatos Pacifico
• Haquira
Apurimac is located in second place, with investments amounting to US$ 10,133 million. It should be
noted that this region hosts seven projects, becoming the region with most projects selected in the
Portfolio. Hierro Apurimac (US$ 2,900 billion) and Los Chancas (US$ 2,800 billion), to be developed
in the Andahuaylas and Aymaraes provinces, respectively, stand out for their investment amounts.
In Moquegua, there are three projects that together reach US$ 6,386 billion, representing 10.8% of
the total investment in the Portfolio, where the Quellaveco project alone has an investment of US$
5,300 billion.
0.7%
US$ 400 million
1 project
Arequipa and Piura regions concentrate four projects each, with an investment of US$ 5,357
billion and US$3,799 billion respectively, representing a combined 15.5% share. Among
these, the Pampa de Pongo project (US$ 2,200 billion), in the province of Caraveli, Arequipa,
is in the detailed engineering phase; whilst Bayovar 12 is a new project considered in this
edition of the Portfolio with an investment of US$ 167.7 million to be executed in the Sechura
province, in the north of the country.
Among the regions with a share of more than 3% of investments are Junin (US$ 2,330
billion), Cusco (US$ 2,226 billion), Ancash (US$ 2,167 billion), and Puno (US$ 1,763 billion).
In this group, within those projects which began construction in 2018, Ampliacion
Toromocho, Ariana and Relaves 2 San Rafael projects stand out, committing US$ 1,680
billion.
The Ica region, with the Mina Justa project (US$ 1,600 billion), the Lambayeque region, with
Cañariaco Norte project (US$ 1,600 billion) and the Tacna region, with Ampliacion
Toquepala project (US$ 1,255 billion), have more than 2% of the global investment.
Finally, the regions of La Libertad, Huancavelica, Pasco, Huanuco and Amazonas represent
5% of the total investment in the Portfolio. The Pukaqaqa project stands out with an amount
of US$ 2,320 billion.
The investments coming from China amount to US$ 10,155 billion from a total of five
projects. Zhongrong Xinda Group Co. Ltd. owns 100% of the Pampa de Pongo project that
is in the detail engineering stage, while Aluminum Corporation of China Overseas Holdings
Limited is financing AmpliacionToromocho that began construction in June of this year.
In third place, with a 15.3% share, Canada has the largest number of Portfolio projects
according to the origin of the investments, among which are Haquira from First Quantum
Minerals Ltd. (US$ 1,860 billion), Cañariaco (Norte) of Candente Copper Corp. (US$ 1,600
billion) and Cotabambas of Panoro Minerals Ltd. (US$ 1,533 billion).
On the other hand, Mexican investments constitute 15.1% of the Portfolio. Of the five
projects with investments of Mexican origin, four of them belong to Grupo Mexico S.A.B. of
C.V whose operator in Peru is Southern Peru Copper Corporation, Peruvian Branch.
CANADA
15.3% UNITED KINGDOM
US$ 9,038 billion 20.2%
11 projects US$ 11,930 billion
5 projects
CHINA
17.2%
US$ 10,155 billion
5 projects JAPAN
2.2%
US$ 1,290 billion
1 project
USA
SWITZERLAND
MEXICO 12.7%
1.4%
15.1% US$ 7,500 billion
US$ 840 million
US$ 8,955 billion 4 projects
2 projects
5 projects KOREA
0.2%
US$ 117 million
PERU 1 project
7.4%
US$ 4,362 billion AUSTRALIA
8 projects 5.2%
BRAZIL US$ 3,078 billion
3.2% 2 projects
US$ 1,870 billion
4 projects
12.7% of the investment comes from the United States, equivalent to US$ 7.5 billion, in
which Newmont Mining Corporation has a stake in three of the four projects. In the case of
national investments, Breca Group is of special importance as it participates in the Mina
Justa project and owns the entire shareholding of the Relaves B2 San Rafael project.
Australia and Brazil together have 8.4% of investments. Australia's Strike Resources Limited
stands out for its Hierro Apurimac project (US$ 2,900 billion) and Brazil's Nexa Resources
participates in all four projects with Brazilian capital. Finally, investments from Japan,
Switzerland and Korea amount to US$ 2,247 billion.
On one hand, 89% of the investments correspond to greenfield projects. In the Portfolio, 38
new mining projects are registered with an investment of US$ 52,368 billion, which
represents 88%. According to investment amount, projects such as: Quellaveco (US$ 5,300
billion), La Granja (US$ 5,000 billion) and Conga (US$ 4,800 billion) stand out. On the other
hand, there is only one tailings reuse project, Relaves B2 San Rafael with US$ 200 million.
Regarding the brownfield projects, they represent the remaining 11% of the global
investment with 9 projects. The five expansion projects amount US$ 3,137 billion, among
them are: Ampliacion Toquepala project (US$ 1,255 billion) close to completing its
construction work and Ampliacion Toromocho project (US$ 1,355 billion) both began
construction in June 2018 with an estimated start date of operation in 2020.
As for the replacement projects, there are four with an investment of US$ 3,630 billion.
Yanacocha Sulfuros and Quecher Main, both projects undertaken by Minera Yanacocha
S.R.L amounting up to US$ 2,400 billion and will be developed in the footprint of the current
Yanacocha mining unit in Cajamarca. While, Optimizacion Lagunas Norte (US$ 639.8
million) is a project of technological optimization and Integracion Coroccohuayco whose
official name is "Antapaccay Project, Ampliacion Tintaya, Integracion Coroccohuayco"
seeks to increase the useful life of the Tintaya unit.
Graph 04: Investment in mine construction projects according to the type of project
US$ 59,134
billon
REUTILIZATION PROJECTS
• Relaves B2 San Rafael
It is noteworthy that in the First Edition of the 2018 Portfolio, the start of operation of three projects
was planned, among which was Ampliacion Toquepala, the other two projects, Ampliacion Marcona
(US$ 1,100 billion) and Ampliacion Shahuindo (US$ 109 million) completed their construction during
the defined period, so they are no longer considered in the update.
Out of the nine projects that were scheduled to begin construction in 2018, six of them have
already begun to execute this phase, with a total committed amount of US$ 8,880 billion.
The five projects that are in detailed engineering have a total investment of US$ 4,935 billion.
Among them, those which have advanced one stage are, Ampliacion Santa Maria (US$ 110
million) and Optimizacion Lagunas Norte (US$ 639.8 million).
14 projects are located in the feasibility stage, with an investment of US$ 14,626 billion,
representing 25% of the investment in the Portfolio. The majority of the projects are in the
pre-feasibility stage, thus representing the highest percentage of investment, with 50% of
the total.
The underground mine method will be used in eight mines with an investment of US$ 2,289
billion and a 4% share. Los Calatos (US$ 655 million), operated by Minera Hampton Peru
S.A.C, is the project with the highest investment value in underground mining.
Graph 06: Investment in mine construction projects according to the type of mine
5 3
32 8
• Ampliacion • Pukaqaqa
• Trapiche • Ariana • Quecher Main • Relaves B2
Toquepala • Ampliacion • Integracion San Rafael
• Ampliacion • Ampliacion
Bayovar Pachapaqui Coroccohuayco • Macusani
Toromocho • San Gabriel (Ex • Yanacocha • Racaycocha
• Mina Justa • Antilla
• Bayovar 12 Chucapaca) Sulfuros Sur
• Quellaveco • Cañón Florida • Haquira
• Ampliacion Santa • Cañariaco (Norte)
• Conga (Ex Bongara) • AZOD (Accha and
Maria • El Padrino e Yanque)
• Optimizacion • Cotabambas
• Don Javier Hilarión
Lagunas Norte • Los Calatos
• Corani • El Galeno
• Fosfatos Mantaro • Ollachea
• Anubia • San Luis
• Zafranal • Hierro Apurimac
• Pampa de Pongo • La Granja
• Los Chancas • Quechua
• Quicay II • Rio Blanco
• Fosfatos Pacifico • Rondoni
• Michiquillay • Tia iMaria
Additionally, there are five projects that will use both methods, among them Quecher Main
(US$ 300 million) that has already completed the construction of an underground tunnel and
Integracion Coroccohuayco (US$ 590 million) that will use elements from the Tintaya mining
unit.
Finally, Macusani (US$ 800 million) and Racaycocha Sur (US$ 1,000 billion) have not yet
defined which of the two methods will be used. While, Relaves B2 San Rafael, as it is a
tailings reuse project does not apply any of the conventional methods.
Regarding the Integracion Coroccohuayco´s EIA (US$ 590 million), it is under evaluation and the
mining owner is coordinating with the National Service of Environmental Certification for Sustainable
Investments (SENACE, for its Spanish acronym).
The projects that are currently preparing their EIA are six with an investment amount of US$ 5,765
billion, which represents 10% of the global investment value. Zafranal (US$ 1,157 billion) stands out
in this group for its investment to be executed; the project operator plans to finish the EIA in the first
quarter of 2019.
The investment amount of the 19 projects that have not yet submitted nor are preparing the EIA,
amounts to US$ 27,667 billion.
Graph 07: Investment in mine construction projects according to the status of its
Environmental Impact Assessment (EIA)
The second ore to extract is gold, the portfolio includes 7 gold projects that represent 12%
of the global investment. As an example, San Gabriel (Ex Chucapaca) will contribute with
150,000 fine ounces of gold. Currently, there are only two iron projects which are Pampa de
Pongo (US$ 2,200 million) and Hierro Apurimac (US$ 2,900 million), together represent a
9% share.
At the same time, the phosphate project Bayovar 12 (US$ 167.7 million) has increased, ,
which is why the Portfolio currently includes four projects with a global investment of US$
2,149 billion. As for the zinc, silver, uranium/lithium and tin projects, they have a distribution
percentage of 5% as a whole, with a total of eight projects.
/ LITIO
Quecher Main, Ampliacion Santa Maria, Optimizacion Lagunas Norte, Quicay II, San Gabriel (Ex
Chucapaca), Ollachea y Conga
Ampliacion Toquepala, Ampliacion Toromocho, Ariana, Mina Justa, Quellaveco, Integracion Coroccohuayco, Anubia, Yanacocha
Sulfuros, Zafranal, Los Chancas, Haquira, Magistral, Michiquillay, Pukaqaqa, Trapiche, Antilla, Cañariaco (Norte), Cotabambas, Don
Javier, El Galeno, La Granja, Los Calatos, Quechua, Racaycocha Sur , Rio Blanco, Rondoni y Tia Maria.
For a better analysis, the investment periods have been divided in three:
a) Investments executed until 2017: US$ 3,780 billion (6.4% of the total amount of investments)
b) Investments to be executed between 2018 and 2021: US$ 13,893 billion (23.5% of the global
amount of investments)
c) Investments to be executed after 2021: US$ 41,461 billion (70.1% of the total amount of
investments)
41,461
13,893
3,780
In 2018, an investment of US$ 1,311 billion is expected, representing 9.4% of the total
investments to be made in the 2018-2021 period. This year, one project will be finalizing its
construction, whilst six others will commence. It is noteworthy that two projects from the
previous edition, Ampliacion Marcona and Ampliacion Shahuindo, have completed the
construction phase during this year.
Thus, in the year 2020 the positive trend continues with US$ 4,751 billion, meaning a growth
of 56.1% compared to the previous year. Although, only three projects will start construction
in said year, they have a joint global investment of US$ 5,457 billion that would be executed
by 2023. In addition, the sustained growth of annual investments in large projects would
support this result.
Finally, an investment of US$ 4,787 billion is expected in 2021, representing 34.5% of the
period. Although, there is a slight increase of 0.8% compared to the previous year, said year
will see the investment consolidation of large projects by their beginning of operations.
Additionally, it is expected to have committed the investment of 15 projects, which together
with the joint investment in projects that are under construction in 2018 (Ampliacion
Toquepala, Quecher Main, Relaves San Rafael, Ampliacion Toromocho, Ariana, Mina Justa
and Quellaveco) and the investment made in the development of the projects that will end
construction this year (Ampliacion Marcona and Ampliacion Shahuindo Fase II), would
represent a global investment of more than US$ 21,000 billion by 2021.
4,751 4,787
3,043
1,311
The total investment of the Second Edition of the project portfolio amounts to US$ 59,134
billion, considering 48 projects located in 17 regions of the country. This means a total
increase of the estimated global investment of US$ 627 million compared to the US$ 58,507
billion considered in the first edition.
1. The implementation of two of the three projects planned for this year in the previous
edition was carried out. It should be noted that the total investment in the construction
of the Ampliacion Marcona project was US$ 1,100 billion, less than the US$ 1,300
billion anticipated in the previous edition. Thus, this investment, added to the
investment made in the completion of the Ampliacion Shahuindo project of US$ 109
million, was excluded in this publication.
2. Six projects began construction in 2018, thus committing a total investment of US$
8,880 billion. The projects are: Extension Toromocho, Quecher Main, Relaves B2
San Rafael, Quellaveco, Ariana and Mina Justa.
3. Additionally, two projects were incorporated in the current edition: Yanacocha
Sulfuros and Bayovar 12, which have a total investment of US$ 2,100 billion and
US$ 168 million, respectively.
4. The Ampliacion La Arena project (phase II) was eliminated as in the previous edition,
data from the La Arena II mining project was mistakenly considered; this project is
still in a conceptual phase.
5. Out of the 48 projects, there are 32 projects that have not changed their investment
amount.
6. There are 14 projects that modified their investment amounts, representing a
difference of US $ 102 million, among which are:
✓ Ampliacion Toromocho, which went from an investment of US$ 1,300 billion to US$
1,355 billion, since the company has determined that the project will be of greater
magnitude, requiring a greater investment.
✓ Similarly, the overall Quellaveco project investment increased from US$ 4,882 to
US$ 5,300 billion, increasing by 9%. Likewise, Mina Justa went from US$ 1,348
billion to US$ 1,600 billion, raising the investment amount by 19%.
✓ The total investment of the Quechua project amounted to US$ 1,290 billion,
increasing by 52% compared to the amount registered in the previous edition; as
result of an updated carried out according to the information reported by the company
operating the project in its Monthly Statistical Declaration.
✓ Macusani, increased its global investment amount from US$ 300 to US$ 800 million
as a result of the discovery of the potential lithium deposit and the development of
new explorations.
Investment Investment
Amount of 2018 portfolio 2018 portfolio Difference of
projects 1st edition 2nd edition investment
(billion US$) (billion US$)
2,268
102
130 1,409
1st edition Out of the Begun operations Investment Project 2nd edition
portfolio adjustment incorporation
ANNEX 1: METHODOLOGY
Coverage
The Mine Construction Project Portfolio includes projects aimed at developing and/or
constructing a mine, either new or for tailings reuse (greenfield) and expansion or
replacement of existing ones (brownfield). In addition, these projects are owned by private
companies of large and medium-scale mining and include both metallic and non-metallic
minerals.
The Portfolio only includes those projects whose global amount of investment exceeds 70
million dollars and which are, at least, in the pre-feasibility stage, and there is already a
greater degree of certainty about mineral resources, after having carried out the exploration
and cubing of reserves. In addition, it considers projects whose start of construction is
foreseen in the next ten years.
It should be noted that the investment amounts, start dates of construction, start of operation
(start-up) and other data are compilations from different sources and estimates made by the
General Department of Mining Promotion and Sustainability of the Ministry of Energy and
Mines, so that does not compromise -in any way- the companies that own the projects.
This characteristic provides information about the productive purpose of the project, its
categories are the following:
• New projects: These are projects that start from scratch, having to settle in a new
geographical space, establish ties with nearby communities, obtain all permits and develop
all the necessary infrastructure. By using geographic spaces, resources and new facilities,
these types of projects are classified as "greenfield".
• Expansion projects: These are projects that seek to expand current productive capacity,
in order to reduce costs or due to the fall of mineral resource laws. They are developed in
the same place and in parallel to the productive process in progress, for this reason, this
type of project is classified as "brownfield".
• Replacement projects: These are projects that seek to maintain current productive
capacity with new mining developments, due to the fall of laws and / or the depletion of
mineral reserves in the exploitation sectors. These projects are classified as "brownfield".
• Reutilization projects: These are projects whose purpose is the reuse of tailings. These
projects involve the development of new infrastructure and the use of new spaces, which is
why they are classified as "greenfield".
Progress
This characteristic provides information about the current situation of the project and what
stage of development it is in, its categories are:
• Pre-feasibility: Category assigned to those projects that have started the preparation of
their pre-feasibility study or have completed them before the feasibility stage begins. At this
stage, there is already a greater degree of certainty about mineral resources, after having
carried out the exploration and cubing of reserves.
• Feasibility: Category assigned to those projects that have begun the feasibility studies
until they have finished but have not yet made the investment decision.
• Detail engineering: Category assigned to those projects that have investment approval
and that are preparing basic and detailed engineering studies.
• Construction: Category assigned to those projects that have all the necessary permits
and that have started the construction and /or development of the mine until before the start-
up or start of operations.
This characteristic provides information on the status of the detailed Environmental Impact
Assessment (DEIA), an instrument without which no project can start the construction of a
mine. The DEIA can be in one of these statuses:
• Not submitted: Means that the project does not have EIA.
• In preparation: It means that the project owner has communicated to SENACE the start
of the preparation of the EIA.
• In evaluation: It means that the preparation of the EIA was completed and is being
evaluated by SENACE.
• Approved: Means that the EIA successfully completed the evaluation stage and was
approved.
Sources of information
The information contained in the Portfolio is a compilation of diverse sources made by the
General Department of Mining Promotion and Sustainability of the Ministry of Energy and
Mines. In case there are differences between the data from different sources, the data is
taken from the most reliable source, in the following order of priorities:
3. Environmental Impact Assessment, Mining Plan, Mine Closure Plan and Authorization of
Benefit Concession.
4. Official presentations made by the company that owns the project. Books, articles,
magazines, web pages and other specialized media.
ANNEX 2:
TECHNICAL SPECIFICATIONS OF THE PROJECTS
The file of each project is divided into three sections. In the first one are the "General Data
of the Project", where the name, the project operator (mining owner), the investors and their
origin are detailed. Next, the location chart that indicates the region, province and district
(s), as well as a small review with additional data of the geography of the place.
The second section entitled "Main Project Data", specifies data such as the global
investment (CAPEX, for its Spanish acronym), the investment executed, the year of
construction start and operation of the project, expected employment in construction and
operation. It should be noted that the investment executed is presented to the month of
September 2018 and has been obtained from the Monthly Statistical Declaration (ESTAMIN,
for its Spanish acronym).
It also includes technical data such as type of project, mineralization, resources or mineral
reserves, the type of mine, the useful life of the project, the power required, the water source,
the capacity of the plant and finally the estimated annual production.
In the section "Current Project Status" the progress stage is presented, the status of the
Environmental Impact Assessment, the Authorization of Exploitation Activities (Mining Plan)
and the Authorization of Concession. The last box corresponds to additional data of each
project, where the most relevant and current is highlighted.
Page Project
25 Ampliacion Bayovar
26 Ampliacion Pachapaqui
27 Ampliacion Santa Maria
28 Ampliacion Toquepala
29 Ampliacion Toromocho
30 Antilla
31 Anubia
32 Ariana
33 AZOD (Accha y Yanque)
34 Bayovar 12
35 Cañariaco (Norte)
36 Cañón Florida (Ex Bongará)
37 Conga
38 Corani
39 Cotabambas
40 Don Javier
41 El Galeno
42 El Padrino e Hilarión
43 Fosfatos Mantaro
44 Fosfatos Pacifico
45 Haquira
46 Hierro Apurimac
47 Integracion Coroccohuayco
48 La Granja
49 Los Calatos
50 Los Chancas
51 Macusani
52 Magistral
53 Michiquillay
54 Mina Justa
55 Ollachea
56 Optimizacion Lagunas Norte
57 Pampa de Pongo
58 Pukaqaqa
59 Quecher Main
60 Quechua
61 Quellaveco
62 Quicay II
63 Racaycocha Sur
64 Relaves B2 San Rafael
65 Rio Blanco
66 Rondoni
67 San Gabriel (Ex Chucapaca)
68 San Luis
69 Tia Maria
70 Trapiche
71 Yanacocha Sulfuros
72 Zafranal
LOCATION
Region Piura
Province(s) Sechura
District(s) Sechura
The project is located in the north of Peru, 1,000 km from the city of Lima, 110 km
south of the city of Piura and 30 km from the Pacific Ocean.
Progress stage:
☐Prefeasibility The development of the project is awaiting the decision making of the Board of Directors of the company
☒Feasibility
☐Detailed engineering
☐Construction
LOCATION
Region Áncash
Province(s) Bolognesi
District(s) Aquia
The project is located at an approximate altitude between 3,800 and 4,800 masl
☐ New (greenfield) Plant capacity7 Expansion from 800 to 3,300 tons per day
☒ Expansion (brownfield) 29,750 FMT of Zn (additional)
Type of project
☐ Replacement (brownfield) 12,400 TFMT of Pb (additional)
☐ Reutilization (greenfield) Estimated annual
1.56 million Ag ounces (additional)
production6
3,850 FMT of Cu (additional)
Start of exploitation activities (Mining The project does not include The company submitted an application for
plan) a new authorization to start Beneficiation Beneficiation concession; however, it was
☐Not submitted operation and approval of concession observed. They do not yet have the
☐In preparation Mining plan ☒Not submitted authorization of an energy concession for a
☐In evaluation Plant capacity of 3,300 MT / day
☐In evaluation
☒Approved ☐Approved
5
General Data, INTRANET, New Detailed Environmental Impact Assessment ICM Pachapaqui
6
Modification of the Environmental Impact Assessment dated April 29th, 2016.
7
Modification of the EIA, R.D N° 023-2017-SENACE-JEF/DEAR December 1st, 2017.
Ampliacion Santa María
LOCATION
Region La Libertad
Province(s) Pataz
District(s) Pataz
The project is located at an altitude between 1,300 to 3,200 masl, in the basin
of the Hualanga-French stream
Global investment US$ 110 million8 Type of site Deposit of gold (Au) and silver (Ag)
Investment
- Mineral reserves 1.6 Mt @ 17.5 g/t Au
implemented
Start of construction 2019 Type of mine Open pit
9
Start of operations 2020 Mine lifespan 22 years
1173 in Construction
Employment9 Energy power Not available
100 in operation
Progress stage:
☐Prefeasibility The company is in a stage of preparation and management of contracts to obtain the necessary permits for
Construction, it is estimated to complete these efforts during 2018.
☐Feasibility
☒Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project has a Modification to its detailed Environmental Impact Assessment for exploitation activities,
☐Not submitted approved by R.D. N ° 011-2017-SENACE-JEF / DEAR on November 24, 2017.
☐In preparation
☐In evaluation
☒Approved
8
Request to modify the Environmental Impact Assessment, August 2017.
9
Approval of the modification of the Environmental Impact Assessment, R.D N° 11-2017-SENACE-JEF/DEAR, November 24th, 2017.
Ampliacion Toquepala
Operator Southern Perú Copper Corporation, Sucursal del Perú
Investor(s) 88.9%: Grupo México S.A.B. de C.V. ( Mexico)
11.1%: Other (floating capital)
LOCATION
Region Tacna
Province(s) Jorge Basadre
District(s) Ilabaya
The project is located at an altitude between 2,200 to 3,800 masl
Global investment10 US$ 1,255 billion Type of site Porphyry copper (Cu) and molybdenum (Mo)
Investment
US$ 1127 billion Mineral reserves 1,928.95 Mt@ 0.56% Cu
implemented
Start of construction 2015 Type of mine Open pit
11
Start of operations 2018 Mine lifespan 23 years
2200 in Construction
Employment Energy power11 80MW
300 in operation
Progress stage:
☐Prefeasibility At the end of 2015, the company began the expansion works of the concentrator plant of its production unit in
Toquepala, with a planned investment of US$ 1,255 million.
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact
Assessment -EIAd The Environmental Impact Assessment (EIA) of the Expansion Project of the Toquepala Concentrator and Re-
☐Not submitted growth of the Quebrada Honda Tailing Reservoir was approved on December 17, 2014 by Directorial
Resolution No. 611-2014-EM / DGAAM.
☐In preparation
☐In evaluation
☒Approved
10
Results of the Third Quarter, Southern Copper Corporation, Surcursal Perú, dated October 24, 2018.
11
Approval of the Environmental Impact Assessment, RD No. 611-2014-EM / DGAAM, dated December 17, 2014
Ampliacion Toromocho
Operator Minera Chinalco Perú S.A.
Investor(s) 100%: Aluminum Corporation of China Overseas Holdings
Limited. ( China)
LOCATION
Region Junín
Province(s) Yauli
District(s) Morococha
The project is located at an altitude between 4,500 to 5,000 masl
Global investment12 US$ 1,355 billion Type of site Copper porphyry (Cu)
Investment
US$ 244 million Mineral reserves 1,526 Mt@ 0.48% Cu, 0.019% Mo, 6.88 g/t Ag
implemented
Start of construction 2018 Type of mine Open pit
13
Start of operations 2020 Mine lifespan 27 years
3200 in Construction
Employment Energy power 200 MW
2400 operation
Water source Surface and Underground water
☐ New (greenfield)
☒ Expansion (brownfield) Expansion from 117,000 to 170,000 tons per
Plant capacity14
Type of project day
☐ Replacement (brownfield)
☐ Reutilization (greenfield) Estimated annual
75,000 FMT of copper (additional)
production
Environmental Impact
Assessment -EIAd The Environmental Impact Assessment (EIA) of the Toromocho Project was approved on December 14, 2010
☐Not submitted by Directorial Resolution No. 411-2010-MEM / AAM. Also, in December 2012, the Mine Closure Plan was
approved for said project.
☐In preparation
☐In evaluation
☒Approved
12
Announcement by the President of the Republic, Martín Vizcarra, on June 1, 2018.
13
Second Sustainability Technical Report, RD No. 504-2015-MEM-DGAAM, dated December 29, 2015.
14
General data, INTRANET, New Environmental Impact Assessment detailed.
Antilla
Operator Panoro Apurímac S.A.
Investor(s) 100%: Panoro Minerals ltd. (Canada)
LOCATION
Region Apurímac
Province(s) Antabamba
District(s) Sabaino
The project is located at an altitude between 3,400 to 4,100 masl, approximately
150 km southwest of Cusco and 500 km southeast of Lima.
Investment
- Mineral resources16 291.8 Mt @ 0.34% Cu, 0.01% Mo
implemented
Start of construction To be defined Type of mine Open pit
17
Start of operations To be defined Mine lifespan 17 years
13 MW
Employment 255 in operation Energy power17
15
Development of copper potential in Peru, Panoro Minerals Ltd, August 2018.
16
Press Release, Panoro Minerals Ltd, August 2018
17
Technical Report of the Economic Preliminary Study, June 2018.
Anubia
Operator Anubia S.A.C.
Investor(s) 100%: Grupo Guido Del Castillo (Peru)
LOCATION
Region Apurímac
Province(s) Abancay
District(s) Curahuasi
El proyecto se ubica a una altitud de 2,600 masl.
Global investment US$ 90 million18 Type of site Porphyry copper (Cu) and molybdenum (Mo)
Investment Mineral
- Not available
implemented reserves/resources
Start of construction 2021 Type of mine Open pit
Start of operations 2023 Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage:
☒Prefeasibility The company is carrying out activities prior to the development of the project that includes drilling to better
understand the deposit.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact The company announced in January 2015, the start of the Environmental Impact Assessment (EIA). In
Assessment -EIAd addition, the project has a Semi-detailed Environmental Impact Assessment (EIAsd) for exploration activities,
Approved by RD No. 192-2012-MEM / AAM on June 12, 2012. Additionally, on May 17, 2016 the project was
☐Not submitted approved. First Sustainability Technical Report of the EIAsd through RD N ° 149-2016-MEM-DGAAM, whose
☒In preparation objective is to broaden the schedule of execution of exploration activities in order to carry out 136 drillings.
☐In evaluation
☐Approved
18
Rumbo Minero, July 2015.
Ariana
Operator Ariana Operaciones Mineras S.A.C
Investor(s) 100%: Southern Peaks Mining LP ( United Kingdom)
LOCATION
Region Junín
Province(s) Yauli
District(s) Marcapomacocha
The project is located on the western flank of the La Viuda Western Cordillera
in the central highlands of Peru, at an altitude of 4,700 masl
Progress stage:
☐Prefeasibility On July 5, 2018, the company reported the Start of exploitation activities to the Ministry of Energy and Mines
(MINEM).
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact
Assessment -EIAd The project has an Environmental Impact Assessment (EIA) Approved by Directorial Resolution No. 127-2016-
☐Not submitted MEM / DGAAM dated April 29, 2016.
☐In preparation
☐In evaluation
☒Approved
It is expected that the first commercial production will be in the first half of 2020.
19
Rumbo Minero, edition N°104, July 2017.
20
Mining plan, August 2017.
21
Environmental Impact Assessment Approved by RD 127-2016-MEM/DGAAM, dated April 29th, 2016.
AZOD (Accha and Yanque)
Operator Exploraciones Collasuyo S.A.C.
Investor(s) 100%:Zincore Metals Inc. (Canada)
LOCATION
Region Cusco
Province(s) Paruro
District(s) Accha
The project is located at an altitude between 3,500 to 4,300 masl.
Environmental Impact
Assessment -EIAd The project does not yet have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
22
Corporate presentation “An underappreciated zinc asset”, January 2018.
23
Technical report of the Preliminary Study of Feasibility, dated August 6, 2013.
Bayovar 12
Operator Juan Paulo Quay S.A.C
24
Investor(s) 70%: CROPS INC. (Canada)
18%: Mamut Andino (Ecuador)
12%: Grupo Romero (Peru)
LOCATION
Region Piura
Province(s) Sechura
District(s) Sechura
The project is located in the Sechura desert, 90 km south of the city of Piura
and 30km from the Pacific Ocean, approximately
Global investment25 US$ 167.7 million Type of site25 Phosphate sedimentary deposit
Investment
- Mineral resources25 102.2 Mt @ 13.11% P2O5
implemented
Start of construction To be defined Type of mine25 Open pit
25
Start of operations To be defined Mine lifespan 20 years
25
Employment To be defined Energy power 16 MVA
25
☒ New (greenfield) Water source Sea water
Progress stage:
☒Prefeasibility The project has a project prefeasibility study published on June 28, 2016. The prefeasibility study (PFS)
supports the commercial model to produce a P2O5 rock concentrate at 24% and 28%.
☐Feasibility
☐Detailed engineering
☐Construction
24
Press release, Focus, dated April 5, 201
25
Prefeasibility study dated June 28, 2016
Cañariaco (Norte)
Operator Cañariaco Copper Perú S.A.
Investor(s) 100%: Candente Copper Corp. ( Canada)
LOCATION
Region Lambayeque
Province(s) Ferreñafe
District(s) Cañaris
The project is located at an altitude of 2,760 masl, on the surface lands of the
San Juan de Cañaris Rural Community
Global investment26 US$ 1600 billion Type of site Pórfido de cobre (Cu) y molibdeno (Mo)
Investment
- Mineral resources26 1,003 Mt @ 0.4% Cu, 0.06 g/t Au, 1.7 g/t Ag
implemented
Start of construction To be defined Type of mine Open pit
26
Start of operations To be defined Mine lifespan 22 years
26
Employment 1500 in Construction Energy power 148 MW
26
Water source Surface water (rain)
☒ New (greenfield) 26
Plant capacity 95,000 tons per day
☐ Expansion (brownfield)
Type of project 262 million pounds of copper
☐ Replacement (brownfield) Estimated annual
☐ Reutilization (greenfield) 39,000 ounces of gold
production27
911,000 ounces of silver
Progress stage:
☐Prefeasibility The company is developing the Feasibility study of the project. Currently, the percentage of progress of this
study is approximately 50%. It is worth mentioning that in 2011, the Prefeasibility Study of the project was
☒Feasibility completed, as well as the NI 43-101 Technical Report of the progress of the project's prefeasibility study, from
☐Detailed engineering which positive results were obtained as a better approximation to the measured and indicated resources with
a cut-off grade of 0.2% Cu.
☐Construction
Environmental Impact
Assessment -EIAd The company does not have an EIAd for exploitation activities. However, it has a Modification of its
☒Not submitted Environmental Impact Assessment Semidetached, Approved on September 9, 2014 through R.D. N ° 462-
2014-MEM / DGAAM.
☐In preparation
☐In evaluation
☐Approved
26
Prefeasibility Study Progress Report, dated March 11, 2011.
27
Technical data of the project, Candente Copper.
Cañón Florida (Ex Bongará)
Operator Nexa Resources Perú. S.A.A.
Investor(s) 61%: Nexa Resources S.A. (Brazil)
39%: Solitario Zinc Corp. (USA)
LOCATION
Region Amazonas
Province(s) Bongará
District(s) Florida and Yambrasbamba
The project is located at an altitude between 2,400 and 2,800 masl
Global investment28 US$ 214 million Type of site Deposit of zinc (Zn) and lead (Pb)
Investment
- Mineral resources29 3.3 Mt @ 12.2% Zn, 1.53% Pb, 18.51 g/t Ag
implemented
Start of construction To be defined Type of mine Underground
Start of operations To be defined Mine lifespan29 12.5 years
Employment 160 in operation Energy power Not available
30
Water source Surface water and Underground
☒ New (greenfield) Plant capacity30 2,500 tons per day
☐ Expansion (brownfield) 60,000 FMT of zinc
Type of project
☐ Replacement (brownfield) Estimated annual 6,000 FMT of lead
☐ Reutilization (greenfield) production29 200,000 ounces of silver
Progress stage:
☐Prefeasibility The company has stated that during the third quarter of 2018 a drilling program designed to test the opportunity
for expansion of resources identified by the deposit modeling will be initiated during the preparation of the
☒Feasibility Preliminary Economic Assessment (PEA) of the project, which It was published on August 02, 2017.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company does not have an EIAd for exploitation activities. However, the project has a Fourth Modification
☒Not submitted of its Environmental Impact Assessment Semidetached Approved by R.D. N ° 137-2018-MEM / DGAAM on
June 19, 2018.
☐In preparation
☐In evaluation
☐Approved
28
Press release, Solitario Zinc Corp. dated August 2, 2017.
29
Nexa Annual Report 2017.
30
Preliminary Economic Report, dated August 3, 2017.
Conga
Operator Minera Yanacocha S.R.L.
Investor(s) 51.35%: Newmont Mining Corporation (EEUU)
43.65%: Grupo Buenaventura (Peru)
5.00%: Sumitomo Corporation (Japan)
LOCATION
Region Cajamarca
Province(s) Celendín and Cajamarca
District(s) Sorochuco, Huasmin and La Encañada
El proyecto se ubica a una altitud de 3,700 a 4,300 masl.
Global investment US$ 4800 billion Type of site Porphyry gold (Au) and copper (Cu)
Investment
US$ 1237 billion Mineral reserves 504 Mt @ 0.28% Cu, 0.72 g/t Au
implemented
Start of construction To be defined Type of mine Open pit
Start of operations To be defined Mine lifespan31 19 years
8700 en Construction
Employment31 Energy power Not available
1660 in operation
Water source31 Reservoirs
☒ New (greenfield)
Plant capacity32 92,000 tons per day
☐ Expansion (brownfield)
Type of project
☐ Replacement (brownfield) 680,000 fine ounces of gold
Estimated annual
☐ Reutilization (greenfield) 54,000 FMT of copper
production
Progress stage:
☐Prefeasibility The project has been paralyzed due to socio-environmental conflicts in the zone of direct and indirect influence.
☒Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The Second Modification of the Environmental Impact Assessment (EIA) of the Conga mining project was
☐Not submitted approved by Directorial Resolution No. 228-2015-MEM / DGAAM approved on May 29, 2015.
☐In preparation
☐In evaluation
☒Approved
31
Approval of the Second Amendment of the Environmental Impact Assessment through R.D. 228-2015-MEM / DGAAM dated May 29, 2015.
32
Approval of the Mining plan through R.D 035-2012-MEM-DGM dated March 9, 2012.
Corani
Operator Bear Creek Mining S.A.C.
Investor(s) 100%: Bear Creek Mining Corporation (Canada)
LOCATION
Region Puno
Province(s) Carabaya
District(s) Corani
The project is located at an altitude between 4,600 to 5,200 masl
Progress stage:
☐Prefeasibility On September 4, 2018, Bear Creek Mining informed the Ministry of Energy and Mines of the start of the early
works period.
☐Feasibility
☒Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd In November 2017, the Second Sustainability Technical Report (2nd ITS) was approved, which includes
☐Not submitted changes in the design of the Open pit, rearrangement of components in the processing facilities, change in the
engineering design of the mine dismantling deposit and main relay as well as updating, rearrangement and
☐In preparation relocation of water management facilities and addition of other infrastructures related to the project.
☐In evaluation
☒Approved
33
Detailed engineering report (phase 1), September 2017.
34
Approval of the Mining plan through R.D. 119-2018-MEM-DGM, dated May 9, 2018.
35
Executive Summary of the Environmental Impact Assessment, February 2013.
Cotabambas
Operator Panoro Apurímac S.A.
Investor(s) 100%: Panoro Minerals Ltd. (Canada)
LOCATION
Region Apurímac
Province(s) Cotabambas
District(s) Cotabambas
The project is located at an approximate altitude of 4,000 m.s., 500 m. northwest
of the city of Cotabambas.
Progress stage:
☒Prefeasibility The project has a Mineral Resource Estimation Technical Report dated July 24, 2012. Additionally, in May
2015, the company submitted a Technical Report of the Preliminary Economic Survey (PEA), which was
☐Feasibility updated in November of the same year. Currently, Panoro Minerals is developing the drilling program for the
☐Detailed engineering project, which was restarted on February 22, 2018.
☐Construction
Environmental Impact
Assessment -EIAd
The Project is developing the Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☐Not submitted
☒In preparation
☐In evaluation
☐Approved
36
Corporate presentation "Developing Peru's Copper Potential", August 2018.
37
Press Release, Panoro Minerals Ltd, dated August 20, 2018.
38
Preliminary Economic Survey dated September 22, 2015.
Don Javier
Operator Junefield Group S.A.
Investor(s) 100%: Junefield Mineral Resources Holding Limited (China)
LOCATION
Region Arequipa
Province(s) Arequipa
District(s) Yarabamba
The project is located at an altitude between 2,400 and 2,900 masl
Global investment US$ 600 million Type of site39 Porphyry copper (Cu) and molybdenum (Mo)
Investment
- Mineral reserves39 182 Mt @ 0.45% Cu, 212 ppm Mo, 3.0 ppm Ag
implemented
Start of construction To be defined Type of mine Open pit
Start of operations To be defined Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage:
☒Prefeasibility The company continues performing the drilling of the approved platforms in the Modification of its Semidetailed
Environmental Impact Assessment (EIAsd). The current budget for the exploration activities of the project is
☐Feasibility US $ 25 million, and currently it has a physical advance percentage of 65%. It is expected that these activities
☐Detailed engineering will culminate in the current year.
☐Construction
Environmental Impact
Assessment -EIAd The company does not have an EIAd for exploitation activities. However, it has a Modification to its
☒Not submitted Semidetailed Environmental Impact Assessment (EIAsd) Approved by R.D. N ° 080-2014-MEM / DGAAM on
February 13, 2014. Additionally, the project has a First Sustained Technical Report Approved on November 9,
☐In preparation 2017 through R.D. N ° 313-2017-MEM-DGAAM, whose main objective is to extend the project schedule for 12
☐In evaluation months.
☐Approved
39
. Technical report dated November 15, 2013.
El Galeno
Operator Lumina Copper S.A.C.
Investor(s) 60%: China Minmetals Corporation (China)
40%: Jiangxi Copper Ltd. (China)
LOCATION
Region Cajamarca
Province(s) Celendín and Cajamarca
District(s) Sorochuco and La Encañada
The project is located at an altitude between 3,800 to 4,200 masl
Progress stage:
☒Prefeasibility The company is conducting complementary exploration. Due to this, in September 2017, it has requested
authorization from the Ministry of Energy and Mines (MINEM) to continue exploring for three more years in
☐Feasibility order to carry out complementary studies. It is worth mentioning that the geography of the place is complicated
☐Detailed engineering and faces a series of conflicts related to the use of water.
☐Construction
Environmental Impact
Assessment -EIAd The project does not have an EIAd for exploitation activities. However, it has a Fourth Modification to its semi-
☒Not submitted detailed Environmental Impact Assessment (EIAsd), for exploration activities, which was rectified by RD No.
514-2014-MEM-DGAAM on October 10, 2014. Currently, the company presented on September 12, 2018 its
☐In preparation Fifth Modification of its EIAsd whose objective is to extend the schedule for 3 years for the development of
☐In evaluation complementary studies.
☐Approved
40
Prefeasibility study dated February 19, 2007.
El Padrino and Hilarión
Operator Nexa Resources Perú. S.A.A.
Investor(s) 80.24%: Nexa Resources S.A. (Brazil)
19.76%: Other shareholders
LOCATION
Region Áncash
Province(s) Bolognesi
District(s) Aquia
The project is located at an altitude between 4,000 and 4,900 m.s.
Global investment US$ 470 million Type of site41 Deposit of zinc (Zn), lead (Pb) and silver (Ag)
Investment
- Mineral resources42 69.4 Mt @ 3.79% Zn, 0.71%Pb, 31.3 g/t Ag
implemented
Start of construction To be defined Type of mine Underground
43
Start of operations To be defined Mine lifespan 11 years
Employment To be defined Energy power Not available
Water source Not available
☒ New (greenfield) Plant capacity 10,000 tons per day
☐ Expansion (brownfield) 138,618 FMT zinc
Type of project
☐ Replacement (brownfield) Estimated annual 21,420 FMT lead
☐ Reutilization (greenfield) production 4.03 million fine ounces of silver
Progress stage:
☐Prefeasibility During 2017, the company carried out mappings and geological sections in the El Padrino deposit, to evaluate
the potential for expansion of resources. The current mineral resources are contained within the Hilarion and
☒Feasibility El Padrino deposits which are 3 km away from each other.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company is managing the development of its Environmental Impact Assessment Detailed (EIAd). In this
☐Not submitted sense, the National Service of Environmental Certification for Sustainable Investments (SENACE) approved
the Terms of Reference (TOR) on August 9, 2016 by R.D. N ° 064-2016-SENACE / DCA. Also, on January 11,
☒In preparation 2018 through R.D. N ° 011-2018-SENACE-JEF / DEAR approved the Citizen Participation Plan (for the
☐In evaluation preparation of the EIAd).
☐Approved
41
Technical report dated August 4, 2017.
42
Compañía Minera Milpo, Annual Report 2017.
43
Approval of the Environmental Impact Assessment through R.D. 064-2016-SENACE / DCA dated August 9, 2016.
Fosfatos Mantaro
Operator Mantaro Perú S.A.C.
Investor(s) 100%: ITAFOS ( United Kingdom)
LOCATION
Region Junín
Province(s) Concepción
District(s) Aco
The project is located 250 km east of Lima.
Global investment US$ 850 million Type of site44 Deposit of marine sedimentary origin
Investment
- Mineral reserves44 39.5 Mt @ 10% P2O5
implemented
Start of construction To be defined Type of mine Open pit
Start of operations To be defined Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage:
☒Prefeasibility The Prefeasibility study was completed and published in February 2010.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company still does not have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
44
Technical report dated March 16, 2010.
Fosfatos Pacífico
Operator Fosfatos del Pacífico S.A.
Investor(s) 70%: Fossal S.A.A. (Perú)
30%: Mitsubishi Corporation (Japan)
LOCATION
Region Piura
Province(s) Sechura
District(s) Illescas
El proyecto se encuentra dentro de la franja desierta del territorio peruano
entre los 0 50 masl.
Global investment45 US$ 831.1 million Type of site Deposit of marine sedimentary origin
Investment
- Mineral reserves 108.1 Mt @ 17.8% P2O5
implemented
Start of construction 2021 Type of mine Open pit
46
Start of operations 2024 Mine lifespan 20 years
2437 in Construction
Employment46 Energy power Not available
482 in operation
Progress stage:
☐Prefeasibility The company is carrying out explorations in the approved area of the Modification of the Environmental Impact
Assessment of the Phosphates Project to confirm new reserves within the phosphate rock sedimentary deposit
☒Feasibility in the Bayóvar N ° 9 concession.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd Approved by R.D.N° 119-2014-EM / DGAAM on March 11, 2014. Also, on August 3, 2018, by R.D. N ° 112-
☐Not submitted 2018-SENACE-JEF /DEAR was awarded the first Sustainability Technical Report (1st ITS) of its MEIA, which
aims to conduct exploration activities to confirm new reserves within the sedimentary rock phosphate deposit
☐In preparation at the Bayóvar concession No. 9
☐In evaluation
☒Approved
45
Corporate presentation, Fosfatos del Pacífico, dated December 31, 2016.
46
Application for Modification of the Environmental Impact Assessment dated September 9, 2016.
47
Approval of the First Amendment of the Environmental Impact Assessment dated September 9, 2016.
Haquira
Operator Minera Antares Perú S.A.C.
Investor(s) 100%: First Quantum Minerals Ltd. (Canada)
LOCATION
Region Apurímac
Province(s) Cotabambas and Grau
District(s) Chalhuahuacho and Progreso
The project is located in southern Peru, on the eastern side of the Peruvian
Andes, between 3,850 and 4,400 m.s.
Global investment48 US$ 1860 billion Type of site48 Porphyry copper (Cu) and molybdenum (Mo)
Investment
- Mineral resources49 569 Mt @ 0.56% Cu
implemented
Start of construction 2021 Type of mine Open pit and Underground
48
Start of operations 2024 Mine lifespan 20 years
Employment To be defined Energy power Not available
48
Water source Surface and Underground water
Progress stage:
☒Prefeasibility The project has a Preliminary Economic Study published on September 2, 2010.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company is currently establishing the baseline of the Environmental Impact Assessment (EIA).
☐Not submitted
☒In preparation
☐In evaluation
☐Approved
48
Technical Report of the Preliminary Economic Evaluation dated September 2, 2010.
49
Corporate presentation, First Quantum, May 2017.
Hierro Apurímac
Operator Apurímac Ferrum S.A.
Investor(s) 100%: Strike Resources Limited. (Australia)
LOCATION
Region Apurímac
Province(s) Andahuaylas
District(s) Andahuaylas
The project is located at an approximate altitude of 3,500 m.s., with a total
concession area of 7,500 ha.
Global investment50 US$ 2900 billion Type of site Deposit of iron oxide (Fe)
269 Mt @ 57.3% Fe
Investment
US$ 50 million Mineral reserves51 (142 Mt Indicated Resource at 57.84% Fe and
implemented
127 Mt Inferred Resource at 56.7% Fe).
Start of construction To be defined Type of mine Open pit
50
Start of operations To be defined Mine lifespan 20 years
50
Employment To be defined Energy power 125 MW
Progress stage:
☒Prefeasibility A Prefeasibility Study (PFS) completed in 2008 and updated in 2010 was prepared.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company still does not have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
50
Market Announcement, Strike Resources Ltd dated July 23rd, 2008.
51
Quarterly report as of June 30, 2018.
52
Market Announcement, Strike Resources Ltd dated February 8th, 2008.
Integración Coroccohuayco
Operator Compañía Minera Antapaccay S.A.
Investor(s) 100%: Glencore PLC (Switzerland)
LOCATION
Region Cusco
Province(s) Espinar
District(s) Espinar
The project is located at an approximate altitude of 4,150 masl.
Global investment53 US$ 590 million Type of site54 Skarn of copper (Cu) and gold (Au)
Open pit: 63 Mt @ 0.63% Cu, 0.07 g/t Au, 1.98
Investment g/t Ag
- Mineral reserves 54
implemented Underground: 121 Mt @ 1.22% Cu, 0.02 g/t Au,
3.86 g/t Ag
Start of construction 2019 Type of mine55 Open pit and Underground
56
Start of operations 2022 Mine lifespan 25 years
1871 in Construction
Employment55 Energy power55 621,14 GW
1092 in operation
Progress stage:
☐Prefeasibility The company concluded its Feasibility studies in 2017 and is conducting technical studies in hydrogeology,
geotechnics and geometallurgy. The project has a Semi-Detailed Environmental Impact Assessment (EIAsd)
☒Feasibility for the Coroccohuayco exploration project that was approved by Directorial Resolution No. 233-2010-MEM /
☐Detailed engineering AAM of July 19, 2010 as well as a First Amendment of its EIAsd (1st. EIAd) approved by Directorial Resolution
N ° 396-2014-MEM / AAM of August 6, 2014.
☐Construction
Environmental Impact
Assessment -EIAd The modification of the EIA of the Antapaccay Expansion Tintaya - Coroccohuayco Integration project
☐Not submitted presented on January 26, 2017 is In evaluation by SENACE
☐In preparation
☒In evaluation
☐Approved
53
Request for Modification of the Environmental Impact Assessment project Antapaccay Tintaya Expansion - Coroccohuayco Integration.
54
Resource and Booking Report as of December 31, 2017
55
Corporate presentation, September 2018.
56
Corporate presentation, 2013
La Granja
Operator Rio Tinto Minera Perú Limitada S.A.C.
Investor(s) 100% Rio Tinto Plc. (United Kingdom; Australia)
LOCATION
Region Cajamarca
Province(s) Chota
District(s) Querocoto
The project is located at an altitude between 2,000 and 2,800 masl
Progress stage:
☒Prefeasibility The company is doing advanced exploration. For this, it has a Semi-Detailed Environmental Impact
Assessment (EIAsd) Approved by Directorial Resolution No. 133-2007-MEM / AAM and a Eleventh
☐Feasibility Amendment (11th EIAsd) approved by Directorial Resolution No. 432-2015-MEM / DGAAM of 11 November
☐Detailed engineering 2015
☐Construction
Environmental Impact
Assessment -EIAd The company still does not have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
57
Technical Report, January 2012.
58
Rio Tinto, Annual Report 2017.
59
Corporate presentation, dated December 3, 2013
Los Calatos
Operator Minera Hampton Perú S.A.C
60
Investor(s) 100%: CD Capital Natural Resources Fund III (United
Kingdom)
LOCATION
Region Moquegua
Province(s) Mariscal Nieto
District(s) Moquegua and Torata
The project is located at an altitude between 2,800 and 3,500 masl between Los
Calatos hills, where the project is named.
Progress stage:
☒Prefeasibility Currently, the company is exploring the determined area of the project according to the Second Modification
of its semi-detailed Environmental Impact Assessment (EIAsd). The budget for this exploration is US $ 104
☐Feasibility million and has a percentage of physical progress of more than 80%.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd On April 25, the company informed the National Service for Sustainable Investments (SENACE) that the start
☐Not submitted date of the elaboration of the Environmental Impact Assessment (EIAd) for exploitation activities would be
June 1, 2018.
☒In preparation
☐In evaluation
☐Approved
60
Press Release, Metminco, June 27, 2017.
61
Annual Report, Metminco, 2016.
62
Presentation to investors, September 2015.
Los Chancas
Operator Southern Perú Copper Corporation, Sucursal del Perú
Investor(s) 88.9%: Grupo México S.A.B. de C.V. (Mexico)
11.1%: Other (floating capital)
LOCATION
Region Apurímac
Province(s) Aymaraes
District(s) Tapapyrihua
The project is located at an altitude between 3,600 to 3,800 m.s., approximately
910 km from Lima.
Global investment63 US$ 2800 billion Type of site Porphyry copper (Cu) and molybdenum (Mo)
Investment
US$ 54 million Mineral reserves 545 Mt @ 0.59% Cu, 0.04% Mo, 0.039 g/t Au
implemented
Start of construction 2021 Type of mine Open pit
Start of operations 2022 Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage:
☒Prefeasibility During 2017, the company carried out works for the development of social and environmental improvements
with the local communities to carry out the environmental impact assessment.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The Environmental Impact Assessment of the Los Chancas Mining Exploitation Project was presented to the
☐Not submitted National Service of Environmental Certification for Sustainable Investments (SENACE) on August 17, 2018.
☐In preparation
☒In evaluation
☐Approved
63
Results second quarter and six months 2018, Southern Corp, dated July 24, 2018.
Macusani
Operator Macusani Yellowcake S.A.C.
Investor(s) 99.5 %: Plateau Energy Metals Inc. (Canada)
0.5%: Other
LOCATION
Region Puno
Province(s) Carabaya
District(s) Corani and Macusani
The project is located at an approximate altitude between 4,150 and 5,200
meters above sea level.
Global investment64 US$ 800 million Type of site65 Deposit of uranium (U) and lithium (Li)
Falchani: 40.58 Mt @ 3104 ppm Li, 121.7 Mt @
Investment 2724 ppm Li
- Mineral resources66
implemented
Macusani: 60.7 Mt @ 324.81 ppm U3O8
65
Start of construction To be defined Type of mine Open pit o Underground (To be defined)
65
Start of operations To be defined Mine lifespan 10 years
65
Employment To be defined Energy power 15 MVA
Progress stage:
☒Prefeasibility On September 6, 2018, the company published a technical report on lithium mineral resources in Falchani.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project does not have a Detailed Environmental Impact Assessment (EIAd). However, the company
☒Not submitted expects to complete the preparation, communication and presentation process during 2019.
☐In preparation
☐In evaluation
☐Approved
64
Plateau Energy Metals outlines lithium, uranium resources at Falchani, SNL dated July 17th, 2018.
65
Technical report of resource estimate, May 2016.
66
Technical report of resource estimate dated September 6, 2018.
Magistral
Operator Nexa Resources Perú. S.A.A.
Investor(s) 80.24%: Nexa Resources S.A. (Brazil)
19.76%: Other shareholders
LOCATION
Region Áncash
Province(s) Pallasca
District(s) Conchucos
The project is located at an altitude between 4,100 and 4,300 masl,
approximately at 450 km to the northwest of the city of Lima.
Progress stage:
☐Prefeasibility In June 2018, the drilling campaign concluded, which allowed the start of the selection of samples to start
metallurgical tests. Likewise, during the third quarter of 2017, the preliminary economic studies (PEA) were
☒Feasibility completed in which aspects related to the expected production of the mines were defined, among other
☐Detailed engineering variables.
☐Construction
Environmental Impact
Assessment -EIAd Approved on September 15, 2016 through R.D. N ° 278-2016-MEM-DGAAM. Likewise, it has a First
☐Not submitted Sustainability Technical Report (1st STI) Approved by Directorial Resolution No. 311-2017-SENACE / DCA
dated October 16, 2017.
☐In preparation
☐In evaluation
☒Approved
67
Environmental Impact Assessment, August 2016.
68
Annual report, Nexa, 2017.
69
Approval of the Environmental Impact Assessment by R.D. 278-2016-MEM-DGAAM dated September 15, 2016.
Michiquillay
Operator Southern Perú Copper Corporation, Sucursal del Perú
Investor(s) 88.9%: Grupo México S.A.B. de C.V. (Mexico)
11.1%: Other (floating capital)
LOCATION
Region Cajamarca
Province(s) Cajamarca
District(s) La Encañada
The project is located at an altitude between 3,275 masl and 4,000 masl, on the
lands of the Campesino Community of Michiquillay and La Encañada.
Progress stage:
☒Prefeasibility On June 12, 2018, the Southern Peru Copper Corporation mining company, Sucursal del Peru, signed the
Transfer Agreement for the development of the project, where the ownership of 18 mining concessions was
☐Feasibility transferred.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project does not yet have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
70
Results second quarter and six months 2018, Southern Corp, dated July 24, 2018.
Mina Justa
Operator Marcobre S.A.C.
Investor(s) 60%: Grupo Breca (Peru)
40%: Empresas COPEC S.A. (Chile)
LOCATION
Region Ica
Province(s) Nazca
District(s) San Juan de Marcona
The project is located at an altitude of 800 masl.
Global investment71 US$ 1600 billion Type of site Copper deposit (Cu)
Investment
US$ 189 million Mineral reserves72 171.5 Mt of oxide ore, 93.9 Mt of sulfide ore
implemented
Start of construction 2018 Type of mine Open pit
73
Start of operations 2020 Mine lifespan 16 years
3000 in Construction
Employment74 Energy power Not available
1000 in operation
Progress stage:
☐Prefeasibility On August 22, 2018, in the morning hours, the company executed the first blasting in the project.
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact The project has an Environmental Impact Assessment (EIA) and a Modification (MEIA) approved in September
Assessment -EIAd 2017. Also, in December 2017, the First Sustainability Technical Report of the Mina Justa Project (1st ITS)
was approved to optimize operations , through the modification, relocation, Expansion and addition of main
☐Not submitted and auxiliary components as well as proposing the relocation of the stations of the Underground water
☐In preparation monitoring program and the domestic effluent monitoring program and to make precisions in the environmental
☐In evaluation management plan and plan of contingencies
☒Approved
71
Annual Report, Minsur S.A dated March 28, 2018.
72
Approval of the First Sustainability Technical Report by R.D 029-2017-SENACE-JEF / DEAR dated December 12, 2017.
73
Approval of the Modification of the Environmental Impact Assessment through R.D. 236-2017-SENACE / DCA dated September 1, 2017
74
Corporate presentation, Marcobre dated February 17, 2017.
75
Technical sheet, Marcobre.
76
Beneficiation concession application publication notice report dated June 27, 2018.
Ollachea
Operator Minera Kuri Kullu S.A.
Investor(s) 100%: Minera IRL Limited ( Australia)
LOCATION
Region Puno
Province(s) Carabaya
District(s) Ollachea
The project is located at an approximate altitude between 2,900 and 3,850 m.s.,
on surface land of the Peasant Community of Ollachea.
Global investment77 US$ 177.5 million Type of site78 Orogenic auriferous (Au) housed in shear zone
Investment
- Mineral reserves78 9.2 Mt @ 3.4 g/t Au
implemented
Start of construction To be defined Type of mine Underground
78
Start of operations To be defined Mine lifespan 9 years
Employment 364 in operation Energy power Not available
79
☒ New (greenfield) Water source Water recirculated from sinks
☐ Expansion (brownfield) Plant capacity 80
3,000 tons per day
Type of project
☐ Replacement (brownfield) Estimated annual
☐ Reutilization (greenfield) 100,000 fine ounces of gold
production78
Progress stage:
☐Prefeasibility The company has completed a post-definitive feasibility study optimization.
☒Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The Environmental Impact Assessment (EIA) was approved by Directorial Resolution No. 363-2013-MEM-
☐Not submitted AAM of March 5, 2013. Subsequently, in 2014, a Sustaining Technical Report (ITS) was approved, which
aimed to analyze, evaluate and propose the necessary environmental measures to ensure the sustainability
☐In preparation of the project
☐In evaluation
☒Approved
The company has financing problems in order to continue with the project. Currently, he is in an arbitration process with the Development Finance
Corporation (COFIDE) before the Chamber of Commerce of Lima (CCL), because COFIDE had granted a loan for US $ 70 million; however, the
payment did not become effective on the agreed date. For this reason, COFIDE refuses to make an additional loan for US $ 240 million.
77
Application for authorization of the Mining plan, April 2017.
78
Annual Information Form dated March 28, 2018.
79
Approval of the Environmental Impact Assessment by R.D 363-2013-MEM / AAM dated September 25, 2013.
80
Approval of the Beneficiation concession project through Resolution 235-2014-MEM-DGM / V dated June 25, 2014.
Optimización Lagunas Norte
Operator Minera Barrick Misquichilca S.A.
Investor(s) 100%: Barrick Gold Corporation (Canada)
LOCATION
Region La Libertad
Province(s) Santiago De Chuco
District(s) Quiruvilca
The project is located at an approximate altitude between 3,700 and 4,200 m.s.,
130 km from the city of Trujillo and 11 km northwest of the town of Quiruvilca.
Global investment81 US$ 639.7 million Type of site81 Gold deposit (Au)
Investment
- Mineral reserves81 63.6 Mt @ 1.82g/t Au, 4.77 g/t Ag
implemented
Start of construction 2019 Type of mine Open pit
82
Start of operations 2021 Mine lifespan 10 years
11.5 MVA
Employment 1096 in operation Energy power
Progress stage: The expansion of the U.M Lagunas Norte includes two phases. The first one called "Carbon Mineral Project
(CMOP)", which is expected to culminate the detailed engineering studies to obtain the Construction permit,
☐Prefeasibility and in this way to present the proposal to Barrick's investment committee in Toronto in order to year. Thus, it
☐Feasibility is estimated that Construction will begin in 2019 and the operation in 2021. In parallel, it is developing the
☒Detailed engineering second phase called "Refractory Material Project", which is currently under study.
☐Construction
Environmental Impact
Assessment -EIAd The Second Modification of its Environmental Impact Assessment (2nd MEIAD) of the Lagunas Norte Mining
☐Not submitted Unit approved by Directorial Resolution No. 274-2015-MEM / DGAAM of July 14, 2015.
☐In preparation The Second ITS was presented on September 29, 2018 whose objective is to modify the optimization of
Approved processes in the First ITS.
☐In evaluation
☒Approved
☒Approved ☒Approved
81
Technical Report dated March 21, 2016
82
Fourth quarter results as of December 31, 2017.
Pampa de Pongo
Operator Jinzhao Mining Perú S.A.
Investor(s) 100%: Zhongrong Xinda Group Co. Ltd. (China)
LOCATION
Region Arequipa
Province(s) Caravelí
District(s) Bella Unión and Lomas
The project is located at an altitude of approximately 400 masl, 50 km south of
the city of Nazca and 550 km from the city of Lima.
Global investment83 US$ 2,200 billion Type of site84 Magnetic iron ore deposit (Fe)
Investment
US$ 69 million Mineral reserves84 910.5 Mt @ 38.6 % Fe, 0.06 ppm Au, 0.1% Cu
implemented
Start of construction 2020 Type of mine Open pit
83
Start of operations 2023 Mine lifespan 23.5 years
3294 in Construction
Employment Energy power Not available
1256 in operation
Progress stage:
☐Prefeasibility Currently, is in search of financing, as a first step, on July 20, 2018 he signed a Strategic Cooperation
Agreement with Jiangxi Copper Group.
☐Feasibility
☒Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project has an Environmental Impact Assessment (EIA) Approved by Directorial Resolution No. 044-2015-
☐Not submitted MEM-DGAAM of January 22, 2015. Likewise, in January 2018, the company presented the First Modification
of the EIAd, which is In evaluation by the National Service of Environmental Certification for Sustainable
☐In preparation Investments (SENACE).
☐In evaluation
☒Approved
83
Corporate presentation to the Ministry of Energy and Mines dated September 24, 2018
84
Mining plan Stage I, February 2018.
Pukaqaqa
Operator Nexa Resources Perú. S.A.A.
Investor(s) 80.24%: Nexa Resources S.A. (Brazil)
19.76%: Other shareholders
LOCATION
Region Huancavelica
Province(s) Huancavelica
District(s) Huando, Ascensión and Huancavelica
The project is located at an approximate altitude between 4,200 and 4,860 masl
Global investment85 US$ 706.3 million Type of site86 Skarn in copper (Cu) and gold (Au)
Investment
- Mineral resources86 309 Mt @ 0.41 Cu
implemented
Start of construction To be defined Type of mine Open pit
85
Start of operations To be defined Mine lifespan 16 years
2500 in Construction
Employment85 Energy power87 56.469 MVA
300 in operation
Progress stage:
☒Prefeasibility During the second quarter of 2018, the social license was obtained to start the drilling campaign. Additionally,
the project prefeasibility study (PFS) is in progress.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd Approved on March 9, 2015 through R.D.N ° 130-2015-MEM / DGAAM. It also has a First Sustainability
☐Not submitted Technical Report (ITS) for the main components of the Pukaqaqa Approved mining unit on October 31, 2017.
☐In preparation
☐In evaluation
☒Approved
85
Approval of the Environmental Impact Assessment dated March 9, 2015.
86
Annual Report, Nexa, 2017.
Quecher Main
Operator Minera Yanacocha S.R.L.
Investor(s) 51.35%: Newmont Mining Corporation (USA)
43.65%: Grupo Buenaventura (Peru)
5.00%: Sumitomo Corporation (Japan)
LOCATION
Region Cajamarca
Province(s) Cajamarca
District(s) Byears del Inca, La Encañada and Cajamarca
The project is located at an altitude between 3,700 and 4,000 masl
Global investment88 US$ 300 million Type of site89 Deposit of gold oxides (Au)
Investment
US$ 87 million Mineral reserves88 92 Mt @ 0.52 g/t Au
implemented
Start of construction 2018 Type of mine Open pit and Underground
89
Start of operations 2019 Mine lifespan 8 years
280 in Construction
Employment89 Energy power Not available
1000 in operation
Progress stage:
☐Prefeasibility In the first quarter of 2018, the operator company announced the start of construction of the project.
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact
Assessment -EIAd The project will be developed in the areas approved in the Fifth Modification of the Detailed Environmental
☐Not submitted Impact Assessment (5th MEIAD) of the Caracago Supplementary Project Yanacocha Este (SYE), which was
approved by Directorial Resolution No. 361-2016-MEM-DGAAM on 16 December 2016
☐In preparation
☐In evaluation
☒Approved
88
Corporate presentation, Newmont, September 2018.
89
Fifth Modification of the Environmental Impact Assessment, July 2016.
Quechua
Operator Compañía Minera Quechua S.A.
Investor(s) 66%: JX Nippon Mining Holdings (Japan)
34%: Mitsui Mining & Smelting Co. (Japan)
LOCATION
Region Cusco
Province(s) Espinar
District(s) Espinar
The project is located at an approximate altitude between 4,000 and 4,600 masl
and the area is accessed from Arequipa by the paved road to the town of Imata,
and then arrive at the town of Condoroma
Global investment90 US$ 1,290 billion Type of site91 Porphide of copper (Cu) and molybdenum (Mo)
Investment
US$ 134 million Mineral resources91 680 Mt @ 0.38% Cu
implemented
Start of construction To be defined Type of mine91 Open pit
91
Start of operations To be defined Mine lifespan 17 years
Employment To be defined Energy power Not available
Progress stage:
☐Prefeasibility The company continues carrying out explorations in the area and working on the social and environmental
aspects of the project.
☒Feasibility
☐Detailed engineering
☐Construction
90
Monthly Statistical Declaration, Investment Program, August 2018.
91
Press Release, Pan Pacific Copper, dated November 30, 2009.
Quellaveco
Operator Anglo American Quellaveco S.A.
Investor(s) 60%: Anglo American plc (United Kingdom)
40%: Mitsubishi Coporation (Japan)
LOCATION
Region Moquegua
Province(s) Mariscal Nieto
District(s) Torata
The project is located at an altitude of 3,500 masl. and will cover an approximate
area of 39,279.42 hectares
Global investment92 US$ 5300 billion Type of site Porphyry copper (Cu) and molybdenum (Mo)
Investment
US$ 1315.2 billion Mineral reserves93 1,300 Mt @ 0.57% Cu
implemented
Start of construction 2018 Type of mine Open pit
94
Start of operations 2022 Mine lifespan 34 years
9000 in Construction
Employment93 Energy power94 140 MW
2500 in operation
☒ New (greenfield) Water source93 Intake of the Titire river and Vizcachas dam
Progress stage:
☐Prefeasibility The Board of Directors of the company approved the development of the project on July 25, 2018.
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact
Assessment -EIAd The project has the Fourth Modification (4th MEIA) of RD No. 339-2015-MEM-DGAAM Approved on August
☐Not submitted 28, 2015, which includes the increase in ore processing capacity from 85,000 to 127,500 tons per day ,
extending the useful life of the concentrator plant from 32 years to 34 years.
☐In preparation
☐In evaluation
☒Approved
92
Press release, AngloAmerican, dated July 25, 2018.
93
Press release, AngloAmerican, dated July 26, 2018.
94
Approval of the Fourth Amendment of the Environmental Impact Assessment through R.D 33-2015-MEM / DGAAM dated August 28, 2015.
Quicay II
Operator Corporación Minera Centauro S.A.C.
Investor(s) 100%: Corporación Minera Centauro ( Peru)
LOCATION
Region Pasco
Province(s) Pasco
District(s) Simón Bolívar
The project is located at an altitude of 4,400 masl, 2.5 km north of the Quicay
mine, in the central Andes of Peru.
Investment Mineral
- Not available
implemented reserves/resources
Start of construction 2021 Type of mine Open pit
Start of operations 2023 Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage: Currently, Corporación Minera Centauro S.A.C continues carrying out intensive exploration programs in the
project area. In 2014, it contracted the specialized services of the AMEC consultancy to prepare a conceptual
☒Prefeasibility study of the project, which includes the review of available information with the detection of gaps, review of the
☐Feasibility resource model, study of Plant capacity, design of the mine, mine planning, process plant design,
☐Detailed engineering infrastructure, cost estimation of capital and operating costs and financial analysis of the project.
☐Construction
Environmental Impact
Assessment -EIAd The company has not submitted the document to date. However, the company has a Modification to the
☒Not submitted Environmental Impact Assessment of the UEA Quicay, Approved by R.D. N ° 219-2011-MEM / AAM on July
12, 2011. In addition, the company has a Fifth Sustainability Technical Report of the Quicay Approved Mining
☐In preparation Unit on July 13, 2018.
☐In evaluation
☐Approved
95
In 2015, an initial investment of US $ 3,000 million was estimated, which has been recalculated to US $ 400 million.
96
Compañía Minera Centauro S.A.C. - Website of the company (http://www.cmcentauro.com).
Racaycocha Sur
Operator Minera Peñoles de Perú S.A.
Investor(s) 100%: Industrias Peñoles, S.A.B. de C.V. ( Mexico)
LOCATION
Region Áncash
Province(s) Sihuas
District(s) San Juan and Cashapampa
The project is located at an altitude between 3,500 to 4,350 masl, 96 km from
the city of Huaraz
Progress stage:
☒Prefeasibility In 2018, the company made significant progress with the purchase of a portion of the land needed for the future
mining operation and continued negotiations with the communities to acquire the remaining land. In addition,
☐Feasibility technical-economic studies are being carried out to determine the Feasibility of the project.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project does not yet have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
97
Results for the second quarter of 2018, Industrias Peñoles, dated July 31, 2018.
Relaves B2 San Rafael
Operator Minsur S.A.
Investor(s) 100%: Grupo Breca ( Peru)
LOCATION
Region Puno
Province(s) Melgar
District(s) Antauta
The project is located at an approximate altitude between 4,500 and 5,200 masl,
In the eastern cordillera of the Andes.
Global investment98 US$ 200 million Type of site Tailings with high Tin grade (Sn)
Investment
US$ 48 million Mineral reserves98 7.6 Mt @ 1.05% Sn, 0.09% Cu
implemented
Start of construction 2018 Type of mine Not applicable
98
Start of operations 2019 Mine lifespan 9 years
957 in Construction
Employment99 Energy power Not available
120 in operation
Water recirculation of the B3 tailings deposit
☐ New (greenfield) Water source100
and mine interior water
☐ Expansion (brownfield)
Type of project Plant capacity101 3,480 tons per day
☐ Replacement (brownfield)
☒ Reutilization (greenfield) Estimated annual
4,000 - 5,000 FMT of tin
production98
Progress stage:
☐Prefeasibility In the first quarter of 2018, the operator company announced the start of construction of the project.
☐Feasibility
☐Detailed engineering
☒Construction
Environmental Impact
Assessment -EIAd The project has an MEIA for the tailing project of the new mining unit Quemenari - San Rafael R.D No. 95-
☐Not submitted 2017-SENACE-DC. Likewise, the project has a Fifth Suspicious Technical Report (5th ITS) of the (MEIA)
Approved by Directorial Resolution No. 048-2018-SENACE-JEF / DEAR on March 23, 2018 that optimizes the
☐In preparation deposit's drainage system of tailings B2, and other auxiliary facilities.
☐In evaluation
☒Approved
98
Corporate presentation, Minsur, May 2018.
99
Executive Summary of the Modification of the Environmental Impact Assessment, March 2017
100
Approval of the Modification of the Environmental Impact Assessment through R.D. 095-2017-SENACE / DCA dated April 7, 2017.
101
Approval of the Second Sustaining Technical Report by R.D. 158-2017-SENACE / DCA dated June 19, 2017.
.
Río Blanco
Operator Rio Blanco Copper S.A.
Investor(s) 45%: Zijin Mining Group Co. Ltd. (China)
35%: Tongling Non-Ferrous Metals Group Holding Co. Ltd.
(China)
20%: Xiamen C&D Co. Ltd. (China)
LOCATION
Region Piura
Province(s) Huancabamba
District(s) El Carmen de la Frontera
The project is located at an altitude between 2,200 and 2,500 masl. Near the
border with Ecuador.
Global investment102 US$ 2,500 million Type of site Porphyry copper (Cu) and molybdenum (Mo)
Investment
- Mineral resources103 7.16 Mt @ 0.63 % Cu, 0.0216% Mo
implemented
Start of construction To be defined Type of mine Open pit
Start of operations To be defined Mine lifespan102 20 years
500 in Construction
Employment102 Energy power Not available
120 in operation
Water source Surface water
☒ New (greenfield)
Plant capacity Not available
☐ Expansion (brownfield)
Type of project 200,000 FMT of copper
☐ Replacement (brownfield) Estimated annual
☐ Reutilization (greenfield) 3,000 FMT of molybdenum
production102
Progress stage:
☐Prefeasibility The mining owner is working to reinforce the social and environmental aspect in his area of influence, since
residents of the surrounding communities have opposed the development of the project.
☒Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd Currently, the company has yet to report the start of the development of its Environmental Impact Assessment
☒Not submitted (EIA) to the National Service of Environmental Certification for Sustainable Investments (SENACE). Likewise,
the company has been coordinating with different ministries in order to strengthen the presence of the State in
☐In preparation the area and improve relations between the communities, the company and the State.
☐In evaluation
☐Approved
102
Project file submitted to the Ministry of Energy and Mines, August 2018.
103
Río Blanco Copper S.A - Website. Check September 30, 2018.
Rondoní
Operator Compañía Minera Vichaycocha S.A.
Investor(s) 100%: Grupo Volcan ( Switzerland)
LOCATION
Region Huánuco
Province(s) Ambo
District(s) Cayma
The project is located in the western mountain range of central Peru, 80 km
from Cerro de Pasco.
Global investment104 US$ 250 million Type of site Skarn of copper (Cu) and silver (Ag)
Progress stage:
☒Prefeasibility Because it is a medium-sized project, the Operator considers placing the project in a sale process.
☐Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project does not yet have a Detailed Environmental Impact Assessment (EIAd) for exploitation activities.
☒Not submitted
☐In preparation
☐In evaluation
☐Approved
104
Diario El Comercio - Interview with José Montoya, published on June 19, 2017.
105
Annual Report, Volcan, 2017.
San Gabriel (Ex Chucapaca)
Operator Compañía de Minas Buenaventura S.A.A.
Investor(s) 100%: Grupo Buenaventura (Peru)
LOCATION
Region Moquegua
Province(s) Sánchez Cerro
District(s) Ichuña
The project is located at an approximate altitude between 4,450 and 5,000 masl,
837 km from Lima and 115.5 km from the city of Moquegua.
Investment
- Mineral reserves106 7.2 Mt @ 5.09 g/t Au, 0.22 oz/t Ag
implemented
Start of construction 2021 Type of mine Underground
108
Start of operations 2023 Mine lifespan 7 years
Employment To be defined Energy power Not available
Infiltration water collected in Underground works
Water source108
☒ New (greenfield)
☐ Expansion (brownfield) 3,000 tons per day
Type of project Plant capacity106
☐ Replacement (brownfield)
☐ Reutilization (greenfield) Estimated annual 150,000 fine ounces of gold
production
Progress stage:
☒Prefeasibility The company is currently carrying out pre-feasibility studies of the project. Also, on October 2, 2017, it
presented its application for approval of the Mining plan for preparation and development activities to the
☐Feasibility Ministry of Energy and Mines (MINEM), which is In evaluation.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd Approved by R.D. N ° 099-2017-MEM / DGAAM on March 31, 2017. It also has a First Sustainability Technical
☐Not submitted Report (1st ITS) Approved on January 11, 2018 by R.D. No. 0009-2018-SENACE-JEF / DEAR; which aims to
analyze the proposed changes (relocation of a ventilation chimney and inclusion of a sludge drying pond) to
☐In preparation the third modification of the EIAsd and its effects on the environment.
☐In evaluation
☒Approved
106
Corporate presentation, Buenaventura, June 2018.
107
Annual Report, Buenaventura, 2017
108
Approval of the Environmental Impact Assessment through R.D. 099-2017-MEM / DGAAM dated March 31, 2017.
San Luis
Operator Reliant Ventures S.A.C.
Investor(s) 100%: SRR Mining Inc. ( Canada)
LOCATION
Region Áncash
Province(s) Yungay
District(s) Shupluy
The project is located at an altitude between 3,600 to 4,850 masl.
Global investment109 US$ 100 million Type of site110 Epithermal deposit of silver (Ag) and gold (Au)
Progress stage:
☐Prefeasibility On June 4, 2010, the Feasibility Study of the project was published.
☒Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company has an Environmental Impact Assessment (EIA) of the "Ayelen Vein Exploitation Project and
☐Not submitted San Luis Gold and Silver Mineral Processing" Approved by Directorial Resolution No. 289-2012-MEM / AAM
dated September 10, 2012.
☐In preparation
☐In evaluation
☒Approved
109
Application submitted to the Ministry of Energy and Mines dated June 1, 2018.
110
Technical Report of Feasibility, June 2010.
111
Approval of the Environmental Impact Assessment through R.D. 289-2012-MEM / AAM dated September 10, 2012.
Tía María
Operator Southern Perú Copper Corporation, Sucursal del Perú
Investor(s) 88.9%: Grupo México S.A.B. de C.V. (Mexico)
11.1%: Other (floating capital)
LOCATION
Region Arequipa
Province(s) Islay
District(s) Cocachacra, Mejía and Dean Valdivia
The project is located at an altitude of 1,000 masl.
Global investment112 US$ 1,400 billion Type of site Porphyry of copper (Cu) and Molybdenum (Mo)
Progress stage:
☐Prefeasibility The company completed the engineering studies and has the Environmental Impact Assessment of the project.
Currently, he is working together with the Peruvian Government to obtain Construction's permit, which has not
☐Feasibility been delivered due to social conflicts in the Tambo Valley.
☒Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd Approved on August 1, 2014 by R.D. N ° 392-2014-MEM / DGAAM. It also has a First Sustainability
Technical Report of the Approved project on February 19, 2018 by R.D. N ° 030-2018-SENACE-JEF / DEAR.
☐Not submitted
☐In preparation
☐In evaluation
☒Approved
112
Results second quarter and six months 2018, Southern Corp, dated July 24, 2018.
113
Approval of the Environmental Impact Assessment through R.D. 392-2014-MEM / DGAAM dated August 1, 2014.
Trapiche
LOCATION
Region Apurímac
Province(s) Antabamba
District(s) Juan Espinoza Medrano
The project is located at an approximate altitude between 3,500 and 4,750 masl.
Global investment114 US$ 700 million Type of site Porphyry of copper (Cu) and molybdenum (Mo)
Investment
- Mineral reserves114 912.8 Mt @ 0.37% Cu, 0.01% Mo
implemented
Start of construction To be defined Type of mine Open pit
Start of operations To be defined Mine lifespan Not available
Employment To be defined Energy power Not available
Progress stage:
☒Prefeasibility Currently, the company is dedicated to the development of the prefeasibility study of the project. During 2017,
joint work was carried out with the communities to complement the existing agreement of servitude for the land
☐Feasibility necessary for the project, achieving important advances.
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The project does not have a Detailed Environmental Impact Assessment (EIAd). However, the project has a
☒Not submitted Fourth Modification to its Semidetailed Environmental Impact Assessment(EIAsd) for exploration activities
Approved by R.D. No. 404-2013-MEM / AAM on October 29, 2013. In addition, the company submitted its Fifth
☐In preparation Amendment to its EIASD on August 10, 2018, which is In evaluation.
☐In evaluation
☐Approved
114
Corporate presentation, Buenaventura, June 2018.
Yanacocha Sulfuros
Operator Minera Yanacocha S.R.L.
Investor(s) 51.35%: Newmont Mining Corporation (USAU)
43.65%: Grupo Buenaventura (Peru)
5.00%: Sumitomo Corporation (Japan)
LOCATION
Region Cajamarca
Province(s) Cajamarca
District(s) Cajamarca, La Encañada and Los Byears del Inca
The project is located at an approximate distance of 20 km north of the city of
Cajamarca and 583 km from the city of Lima, at an altitude between 3,600 to
4,200 masl.
Global investment115 US$ 2,100 billion Type of site116 Porphyry of gold (Au) and copper (Cu)
☐Construction
Environmental Impact The Modification of the Environmental Impact Assessment of the Yanacocha Project was presented on April
Assessment -EIAd 30, 2018, whose objective of the project is to include in the planning of the operations of the Yanacocha mining
complex the Expansion, modification and / or relocation of main components and existing support facilities
☐Not submitted (previously approved). On the other hand, the objective of the study is to integrate in a single Environmental
☐In preparation Management Instrument (IGA), the three metallic operative sectors (Yanacocha Este, Yanacocha Oeste and
☒In evaluation Cerro Negro).
☐Approved
115
Annual Report, Buenaventura, 2017
116
Modification of the Environmental Impact Assessment, May 2018
Zafranal
Operator Compañía Minera Zafranal S.A.C.
Investor(s) 80%: Teck Resources Copper (Canada)
20%: Mitsubishi Materials Corporation (Japan)
LOCATION
Region Arequipa
Province(s) Castilla and Caylloma
District(s) Huancarqui, Lluta and Majes
The project is located at an altitude between 1,400 and 2,900 masl., Away from
agricultural areas and more than 20 km from the nearest town
Global investment117 US$ 1,157 billion Type of site118 Porphyry of copper (Cu) and gold (Au)
Investment Mineral
US$ 149 million 401 Mt@ 0.40% Cu, 0.07 g/t Au.
implemented reserves/resources119
Start of construction 2020 Type of mine Open pit
119
Start of operations 2023 Mine lifespan 19 years
3000 in Construction
Employment117 Energy power118 99 MW
800 in operation
Water source118 Underground water
☒ New (greenfield) 119
Plant capacity 55,000 to 64,000 tons per day
☐ Expansion (brownfield)
Type of project
☐ Replacement (brownfield) 75,000 FMT of copper
Estimated annual
☐ Reutilization (greenfield) (120,000 FMT the first 5 years)
production119
25,000 fine ounces of gold
Progress stage:
☐Prefeasibility The company is developing the Feasibility study, which is expected to be completed by the end of 2018.
☒Feasibility
☐Detailed engineering
☐Construction
Environmental Impact
Assessment -EIAd The company is preparing its detailed EIA for the project, which is expected to be completed during the third
☐Not submitted quarter of 2019.
☒In preparation
☐In evaluation
☐Approved
117
Request for Declaration of National Interest, submitted to the Ministry of Energy and Mines, July 2018.
118
Prefeasibility Technical Report dated June 10, 2016.
119
Corporate presentation, Compañía Minera Zafranal, dated March 6, 2017.
PERU´S 2018 MINE CONSTRUCTION PROJECTS PORTFOLIO 25