Currently viewing Global edition

Quellaveco has green light: Peru govt figure

Anglo American (LSE:AAL) will green-light the Quellaveco mine in Peru, according to the Peru ambassador to the United Kingdom.

Quellaveco has green light: Peru govt figure Quellaveco has green light: Peru govt figure Quellaveco has green light: Peru govt figure Quellaveco has green light: Peru govt figure Quellaveco has green light: Peru govt figure

Before and after: Anglo has reportedly decided internally it will build Quellaveco

Susana de la Puente-Wiese told a mining event this week Anglo would invest US$6 billion in the project, in which it holds a 60% interest. 

"They spent $1 billion [on Quellaveco] the last few years, and they're going to announce soon that they're going to spend $6 billion on it," she said.

The Anglo board was reportedly set to decide on the project's future in June. 

An Anglo spokesman said the company could...