Exhibit This document is written solely for the purpose stated in the Agreement, and for the sole and exclusive benefit of the Client, whose remedies are limited to those set out in the Agreement. This document is meant to be read as a whole, and sections or parts thereof should not be read or relied upon out of context. SLC has, in preparing estimates, as the case may be, followed methodology and procedures, and exercised due care consistent with the intended level of accuracy, using its professional judgment and reasonable care, and is thus of the opinion that there is a high probability that actual values will be consistent with the estimate s. However, no warranty should be implied as to the accuracy of estimates. Unless expressly stated otherwise, assumptions, data and information supplied by, or gathered from other sources including the Client, other consultants, testing laboratories and equipment suppliers, etc.
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HK , or Chinalco, a senior official said Friday. Toromocho is slated to be Peru's biggest copper mine by , but like all mining projects in Peru it cannot proceed without the Mining Ministry's approval of its environmental impact study, also known as an EIA.
Gerald Wolfe, chief executive of Chinalco subsidiary Minera Chinalco Peru, said Friday he expected to get Toromocho's EIA approvals "very soon," but said further delays would "obviously" impact upon the project start date.
Wolfe, who was speaking at Peru's mining trade show Expomina, said mine construction work would take two and a half years, and could only begin after the EIA is approved. This brings the mine's possible start date close to the end of Previously the company estimated mining would start in early , but Wolfe said Friday the "rules of the game" had changed with the creation of Peru's Environmental Ministry in Although the new environment ministry is not charged with EIA approvals, it has established new minimum requirements for EIA studies.
Toromocho is expected to produce , metric tons of copper a year, as well as significant amounts of zinc and silver. Copper reserves are estimated at over 7. Sign in Subscribe Free Trial. Peru is the world's second-largest producer of copper. For queries, please contact Frank LIU at liuxiaolei smm. Related Price.
Exhibit Prepared For. Peru Copper, Inc. Prepared By. This Technical Report summarizes the results of the recently completed prefeasibility study of the Toromocho Project for Peru Copper Inc.
Peru: disputes over household resettlement of Toromocho copper mine project are unresolved