In Peru’s hills, an artisanal miner boom frustrates Big Copper’s plans

The copper price edged lower on Tuesday despite the threat of strike action at two of the world’s biggest copper mines

The mineral sands mine has been crippled by several violent incidents over the years.

Company has completed a $60 million expansion of the Verninskoye mill, allowing for an additional 40,000 ounces of incremental gold volumes at the mine.

Company has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production.

The mine, which produced 68,900 tonnes of copper in 2020, has faced problems in its attempt to obtain environmental permits that would allow it to remain in operation.

The joint project will beef up the company's capacity to make its production processes more efficient and promote sustainability.

Codelco said its Andina, El Teniente and Salvador operations would be impacted by the prohibitions currently under consideration in the bill.

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Last fall, BHP entered an option agreement to earn up to a 75% interest in the project.