Las Bambas is a joint venture project between the operator MMG (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15.0%).
With an estimated mine life of 18 plus years, the operation produces copper concentrate, with by-products of gold and silver, as well as molybdenum concentrate through conventional processing methods.
Ore at Las Bambas is mined from an open pit. The ore is crushed and transported on a 5.5-kilometre overland conveyor to a conventional flotation plant where copper concentrate is produced, then to a molybdenum plant for further processing. Concentrate is then transported by truck and rail to the Port of Matarani in the Arequipa region, where it is shipped to customers worldwide.
After a successful commissioning of the operation, Las Bambas commercial production got underway on 1 July 2016. It is one of the world’s largest copper mines, with an annual nameplate throughput capacity of 51.1 million tonnes and annual production is expected to be around 250,000 tonnes of copper in copper concentrate.
In regard to Las Bambas 2020 production, multiple initiatives were applied to ensure continuous operations, mainly by investing in innovation and technology to facilitate remote and safe work as well as strengthening digital platforms. As a result, Las Bambas is expected to be between 285,000 and 305,000 tonnes of copper in copper concentrate and 3,167 tonnes of molybdenum concentrate – a positive outcome in view of an extremely challenging year.
Las Bambas’ contribution from taxes and royalties exceeded US$193 million. More than 6,000 direct and indirect jobs were created, benefitting 25 per cent of residents from the Apurímac region.
More information about Las Bambas’ ore reserves can be found in the Mineral Resources, Ore Reserves and Quarterly Production Reports.
Las Bambas’ operation will position Peru as one of the top global copper producers, and a strong contributor to social investment and regional employment.
Visit the Las Bambas website for further information on the operation.
Las Bambas seeks to build long-term relationships with its stakeholders, promoting community development in conjunction with the Peruvian State. Communication methods include face-to-face meetings, workshops, print and audio-visual media, online platforms and open events.
Las Bambas has a large community development team as well as permanent information offices in seven communities throughout the Apurimac and Cusco regions. Residents can visit these offices for information about the operation, submit complaints or enquire about employment opportunities.
Avenida El Derby 055
Torre 3 Piso 9
Phone: +51 01 418-4444