Antamina mine halts operations
Peru’s Antamina said on Monday that it would halt all operations for at least two weeks to mitigate the spread of covid-19.
The Antamina mine had previously been doing essential work in production and maintenance since Peru, the world’s no. 2 copper producer, imposed a national state of emergency in mid-March.
Antamina, one of the largest copper/zinc mines in the world, also produces lead and silver.
BHP (NYSE: BHP) and Glencore (LON: GLEN) each have 33.75% stakes in Antamina. Teck Resources (NYSE: TECK) holds a 22.5% stake in the mine and Mitsubishi Corporation holds 10%.
Antamina produced 101 million tonnes of copper in 2019.
(With files from Reuters)
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2 Comments
Luis Gomez
Antamina’s yearly production is just under 400,000 tonnes per year of copper in concentrates
Hilal
What if someone reached a scientific research on a chemical method or equation that increases the rate of access to silver metal from its ores by an increase of more than 20% .. = How many million dollars do you think this research equals if the search mechanism was successfully tried?