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MMG’s Las Bambas Set to Be Among the Largest Copper Mines in the World
Jun. 11, 2015 10:06AM PST
Base Metals Investing Mining.com reported that China’s MMG is moving forward with development at its giant Las Bambas copper mine in Peru. The company signed a $490 million transportation deal this week.
Mining.com reported that China’s MMG is moving forward with development at its giant Las Bambas copper mine in Peru. The company signed a $490 million transportation deal this week.
As quoted in the publication:
The contract between operators MMG and Perurail is expected to commence on January 1 2016 for an initial period of 15 years to carry concentrate to the port of Matarani 295km away.
Las Bambas is set to deliver 400,000 tonnes of copper per year during the first five years of production placing it within the top three copper mines globally.