Glencore clears key hurdle for Peru copper expansion

Glencore has secured the land access agreements needed to advance its Coroccohuayco copper expansion in southern Peru, clearing a major hurdle for a project expected to extend the life of its Antapaccay mining complex beyond 40 years.

The Swiss commodities giant said its Peruvian subsidiary, Compa?ía Minera Antapaccay, has completed agreements covering the remaining land parcels required for the brownfield project in Espinar, Cusco. The company is now pursuing final permits, with first production targeted for the second half of 2029.

The development forms part of Glencore's broader push to expand its copper business as it pursues a long-term goal of nearly doubling global output. Peru is central to that strategy, although lengthy permitting processes and recurring tensions between mining companies and local communities remain obstacles to bringing new production online.

Coroccohuayco is expected to increase Antapaccay's copper production while extending operations at one of the Cusco region's established mining centres. The existing mine began production in 2012 and produced about 146,000 tonnes of copper last year.

.Asian Metal Copyright Peru is central to that strategy, although lengthy permitting processes and recurring tensions between mining companies and local communities remain obstacles to bringing new production onlineAsian Metal Copyright