7/22/07

Milpo inaugurates Cerro Lindo Mine in Peru

Peruvian base metals miner Cia. Minera Milpo said Friday that it had inaugurated its Cerro Lindo copper, lead and zinc mine.

Cerro Lindo, located 175 kilometers (109 miles) south of the capital city of Lima, is expected to yield 146,000 tonnes of zinc concentrates, 39,500 tonnes of copper concentrates and 14,800 tonnes of lead concentrates per year, the company said.

Cerro Lindo holds more than 33 million tons of reserves.

Milpo is Peru`s fourth-largest zinc and lead producer and Cerro Lindo will double its annual production.

According to Ivo Ucovich, head of Milpo`s board of directors, the project required around $110 million in investment.

The company operates the El Porvenir Mine in Pasco in central Peru, the Chapi Mine in Moquegua in southern Peru and the Ivan Mine and refinery in Antofagasta, Chile.

In an interview with local press, Abraham Chahuan, chief executive officer, said the company was developing several new projects in Peru and is on the lookout for a new copper project in Peru, Colombia or Argentina.

Publication: Metal Bulletin
Provider: Metal Bulletin com
Date: July 21, 2007

1 comment:

Anonymous said...

Que bueno que se haya realizado una nueva inversion en el Peru, solo queda hacer las preguntas:
1. Que nacionalidad y que salario tienen los jefes operaciones de la nueva planta?
2. Cuantos trabajadores peruanos tiene la compania y en que rango dentro de la empresa tienen?
3. Cual es el salario promedio de los peruanos que esta laborando?,... esperemos sean proporcionales a las utilidades que produce la mina.