From Tuesday, January 09th to Monday, January 15th, 2018
The Peruvian government is evaluating the implementation of a railway project that would allow Las Bambas mining project to be connected to the nearest port for the transportation of mineral. The investment of the project is estimated at US$ 2,400 million and would involve private capital
At the beginning of 2017, MMG, the owner of the "Las Bambas" mining project, reported that one of the risk factors for the project was the transport of minerals by trucks to the nearest port. This was confirmed during 2017 due to the different roadblocks in the project's development zone. Given this situation, the Peruvian government is evaluating the possibility of inviting MMG to participate in the development of a railway line project that would connect the project with the nearest port.
The Ministry of Energy and Mines confirmed that the preliminary evaluation of this project determined an estimated investment of US$ 2,400 million for its development, an amount that would be financed through private capital and public funds. The entity also informed that the construction of this railroad would benefit other mining projects that would be developed in the area, allowing also to improve the relationship with the different local communities regarding the use of trucks for the transfer of mineral concentrate.