Chinalco Peru Copper Mine Approved

Yesterday, Chinalco announced that on July 26, 2011, local time in Peru, Chinalco Peru Mining Company formally obtained the construction permit for the main project of the Tromoko Copper Project from the Ministry of Energy and Mines of Peru, marking the Chinalco Corporation A major breakthrough was made in the project promotion in Peru.

It is understood that the construction permit for the mining project is the official approval of the Peruvian government for the construction of the project's main project (ie, the beneficiation plant), and it is also one of the most critical government permits for the project from development to construction.

The Tromoko Copper Project is the core asset of the Peruvian Copper Company of Canada that was successfully acquired by Chinalco in 2007. The project has a copper equivalent metal resource of about 12 million tons, which is one of the world's large-scale copper mines to be developed and constructed. Its copper resources account for about 19% of China's domestic copper resources.

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