PERU — All the partners in the Antamina copper-zinc mine in the Andes Mountains have committed to funding their shares of the US$1.3-billion project that will boost mining and milling capacity by 38% and extend the life of the operation by six years. The Antamina mine and mill are owned by BHP Billiton of Australia (33.75%), Xstrata of Switzerland (33.75%), Teck Resources of Vancouver (22.5%) and Japan's Mitsubishi Corp. (10%).
Compañía Minera Antamina announced a 77% increase in ore reserves during 2008. The expanded operation will take advantage of the higher figure and process an additional 1.1 billion tonnes of ore. The expansion also includes the addition of new mining equipment, a larger truck workshop, changes to the mill, a new 55-km electric power transmission line, and enhancements to water management and tailings storage systems.
The Antamina expansion project will create 2,726 jobs during construction. Give your Spanish language skills a workout and learn more at www.Antamina.com.