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Minsur to begin construction of $1.6 billion Mina Justa copper project in Peru

A multi-billion-dollar copper mine in Peru has taken a big step closer to production.

Minsur has announced this week that it will begin construction at its $1.6 billion Mina Justa copper project.

The company is targeting a production start date in 2020/2021, with output expected to reach 102,000 tonnes of copper and around 58,000 tonnes of copper cathode per year.

Mina Justa is being developed by Minsur SA, a company of the Breca Group (Peru), with 60%, together with the subsidiary Alxar Internacional, with 40%.

Chilean industrial conglomerate Empresas Copec holds a 40% stake in Cumbres Andinas S.A. a subsidiary of Minsur, part of the Breca Group conglomerate.

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Juan Luis Kruger, CEO of Minsur, stated "Mina Justa is the most important project that the Company has undertaken in its history. It represents a transformative milestone in our growth and diversification strategy in the copper industry, enabling us to develop a large‐scale and world class mining asset "