Chinalco to Start Toromocho Copper Mine Expansion by End-June

SEATTLE (Scrap Monster): The Peruvian subsidiary of Beijing, China-based Aluminum Corporation of China Limited (Chinalco) announced that it now expects to start construction on its $1.3 billion expansion project at the Toromocho copper mine in Southern region of the country by end-June this year.

Speaking to press after a recent conference hosted by the Peruvian Chinese Chamber of Commerce (CAPECHI), Xudong Zhang, President, Chinalco Peru said that the company expects the Peruvian government to approve the necessary paperwork for permit in the next 30 days, in such a way that it could start building the project latest before the end of June this year.

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The proposed Toromocho expansion project was announced in 2018, but was delayed due to several reasons including permitting delays and coronavirus pandemic. Toromocho had produced nearly 244,712 tons of copper last year and was one among the top five leading copper producers in Peru in 2022. The expansion project will boost the current production by almost 20%.

Meantime, Xudong Zhang noted that the company is in pursuit of various exploration projects near Toromocho and also on concessions around the country’s southern mining corridor.