Southern Peru wins tender to develop Michiquillay copper project

Southern Peru Copper Corporation (SPCC) has won the tender to develop the $2-billion Michiquillay copper mining project in northern Peru, the country’s state-run investment agency Proinversion said on Tuesday February 20.

Controlled by Grupo Mexico, SPCC’s winning bid includes a payment of $400 million to the government and royalties of 3%.

A number of companies had initially shown interest in developing Michiquillay, but...


Danielle Assalve

February 21, 2018

03:25 GMT