Peter talking up Peru... March may have some add to Peru resPro A ctive | In PDAC 2020 Peter Kukielski , CEO of Hudbay Minerals , took the floor during the “Peru Day” and presented the current status of projects near the Constancia mining unit, its first operation outside North America and open pit, located in Chumbivilcas, Cusco The Hudbay executive reported the progress of its Pampacancha satellite deposit, which will add copper and gold production to the Constancia mine for approximately four years. He also mentioned having reached an agreement with the Chilloroya community for surface rights in February 2020.
The company expects to extract ore in Pampacancha from next year, while the prior consultation process is underway. Hudbay has projected that this process concludes in the first half of 2020.
On the other hand, he highlighted the increase in Constancia's performance, as well as the continuous integration of an advanced and automated process control system. As well as the optimization of water recovery with the tailings thickener and the installation of modern equipment.
Projects near Constancia
Kukielski also referred to the adjoining exploration projects, Caballito, which was a copper oxide mine operated by Mitsui Mining & Smelting Co., Ltd. And the Katanga miner at different times between the late 1970s and early 1990s .
Mara Reyna, located ten kilometers from Constancia, is a concession block of more than 5 thousand hectares where a diamond drilling was carried out allowing the discovery of copper skarn “which requires more research,” said the businessman.
Kusiorcco, meanwhile, is located seven kilometers from Constancia where copper skarn was found. However, it still needs additional exploration just like Quehuincha Norte.
Reasons to continue investing in Peru
The Hudbay representative described the reasons why the company invests in Peru. One of these is the committed and trained local workforce, as well as the stable fiscal policy that facilitates long-term investments. He also mentioned the geological potential of our country that allows developing and discovering new mineral deposits.
As for the economic, he said that there is good macroeconomic stability, and a low cost of labor and energy services.
Llagun project in northern Peru
In his presentation, Kukielski presented Llagun, a greenfield project located 56 kilometers northeast of Trujillo, the third largest city in Peru, "with diversified services and skilled labor," he said. He notified that 23 diamond drilling has been performed. He noted that 5000 meters of diamond drilling are necessary to know the potential of the leaflet.
Kukielski revealed having reached an agreement with the community of San Salvador in November 2019 and that they are currently going through environmental permits.