Grupo Mexico Confirms Investment Mexico Peru in Mining

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Grupo Mexico confirms investment in mining

01/11/2010 08:23

Mexico. Grupo Mexico (GMEXICO) has an investment plan for the next five years of 5.600 million dollars (mdd), of which 3.800 million dollars will be invested in Mexico and 1.800 million dollars in Peru.

In its report of results for the third quarter, the mining firm indicates that in Cananea, Sonora, for Plant and Quebalix EW III, ICA-Fluor's office is reviewing the basic engineering project undertaken in 2006, hoping to be completed in December 2010. Estimated that in the first quarter of 2011
commence the detailed engineering studies.

For expansion of the concentrator at the mine in Peru Toquepala, details, it has invested 115 million dollars. It is reviewing the engineering plan and expects to submit the Environmental Impact Study later this year. The project will increase production by 100,000 tons of copper a year, starting production in 2012.

To Aunt Mary, he adds, the Peruvian government sent additional project information, including the possibility of using sea water. It expects a decision of the authority over the environmental impact study in the last quarter of the year, begin construction in the first quarter of 2011 and production for mid-2012.