Chinalco Kingsmill Tunnel Water Treatment Plant.
Kingsmill Tunnel Water Treatment Plant
Minera Chinalco Perú had financed the Kingsmill
tunnel water treatment plan with an outlay of over US$ 33 million dollars. Ever since the Kingsmill Tunnel construction by Cerro de Pasco Copper Corporation, over 70 years ago, between 1932 and 1934, to drain off its underground mines, the peoples health and the environment have suffered the ill effects of the operations pollution of the Yauli River.
Minera Chinalco Perú voluntarily assumed the commitment to build a water treatment plant to resolve this environmental liability.
Toromocho Copper Mining Project
In 2007, Aluminum Corporation of China (Chinalco) acquired 100% of Peru Copper Inc. (listed in Canada, US and Peru prior to Chinalco's acquisition) for US$860 million. Peru Copper Inc owns the development rights to the Toromocho copper mining project in Peru. Chinalco believes that Toromocho is one of the highest quality undeveloped copper projects in the world, taking into account factors such as its significant reserve, low stripping ratio, long life and infrastructure support. Its estimated reserve of copper is over 7.3 million tonnes and estimated resource is over 12 million tonnes, significantly increasing Chinalco’s copper reserve for future production. Chinalco expects to invest US$2.15 billion in the project to achieve a planned capacity of copper metal of 250,000 tonnes per annum by 2012.
This project represents an important step in Chinalco’s strategic expansion outside China. Chinalco expects to utilise its financial and technical strengths to develop the Toromocho Project.
Chinalco is China’s largest diversified mining company and one of the fastest growing companies in China.
Aluminum Corporation of China Limited, also known as Chalco or Chinalco,
is the only producer of alumina and the
largest producer of primary aluminum in
the People's Republic of China. Chalco is a member of the SSE 50. It is the world’s second largest alumina producer and the third largest primary aluminum producer.
Chinalco is investing $3 billion to begin open-cast mining operations, within three to four years, in Morococha District, Peru. The company plans to extract copper ore from Mount Toromocho. Chinalco holds a 9% stake in Australian mining company Rio Tinto. Source:
Wikipedia, Aluminum Corporation of China Limited.