Peruvian zinc miner Volcán is carrying out studies to outline the 54Mt of new reserves needed to expand the open pit at its Cerro de Pasco operation, according to a report by Lima bank BCP.
The company is also studying the relocation of Cerro de Pasco's concentrator as a part of the expansion.
Representatives of BCP and Volcán were not available for comment when contacted by BNamericas.
Volcán currently has recorded 53.6Mt of reserves at Cerro de Pasco, the largest reserve base of the company's operations.
Cerro de Pasco, first mined in the 1500s, is one of the world's oldest existing mining operations. Last century the mine was under control of the Cerro de Pasco Corporation until it was nationalized in 1973 and then privatized in 1999, when it was acquired by of Volcán.
Volcán is one of the world's largest zinc producers with output of 335,926t last year.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: March 25, 2008
3/25/08
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