Peru is seeking help from mining companies Las Bambas, of China’s MMG Ltd , and Grupo Mexico’s Southern Copper to build a rail system from a mineral-rich Andean zone to the country’s central Pacific coast.
Mining Minister Ivan Merino announced that representatives of both companies were open to discussing participation of the project. The rail project aims to transport both commodities and people.
Construction scheduled to start in 2023, would start in Cusco or Apurimac and go to the port of Marcona. The cost of the project is being evaluated.
The mineral industry provides a major source of economic growth in Peru’s national development. It is already the world’s No. 2 copper producer, and the country’s new government want to further develop the sector. Peru’s southern Andean region has large mines such as MMG’s Las Bambas and Grupo Mexico’s Los Chancas.
Las Bambas produces an average 350,000 tonnes of copper per year and Los Chancas is a $2.6 billion project, currently in the environmental impact study phase. Southern Copper plans to produce 100,000 tonnes of copper per year at the site.