Chinalco bets $700M on Peru mine turnaround
Geopolitics · Mining.com ·
Aluminum Corp of China (Chinalco) is investing $700 million to overhaul its Toromocho copper mine in Peru, incorporating new deposits and adding molybdenum recovery capabilities. The upgrade aims to address past technical challenges that limited output, enabling 28 projects over three years amid political uncertainty ahead of Peru's June 7 presidential runoff.