Peru’s Third-largest Zinc Producer Prepared to Invest $275 Million in New Endeavors

Bloomberg reported that Peru’s Compania Minera Milpo SA, a zinc, lead and copper producer, is prepared to invest $275 million in “mine projects and possible acquisitions.”

As quoted in the market news:

The company based in Lima is looking into an expansion of Cerro Lindo, the largest of its three mines in the country, and is evaluating investing in five other projects including one in Chile, Gobitz said in an interview in Arequipa today.

‘The three operations are generating positive cash flow,’ Gobitz said. ‘This money will be used when we define which projects in our portfolio we develop or possibly if an acquisition opportunity arises.’

Click here to read the full Bloomberg report.