INSUBCONTINENT EXCLUSIVE:
Anglo American and DP World have shown interest in expanding their operations in the country
This news came from the Peruvian government after meetings at the World Economic Forum in Davos.DP World, the Dubai-based port operator, is
aims to broaden its investment in the Quellaveco copper project
Quellaveco, which began commercial production in 2022, already produced 319,000 tonnes of copper in 2023.This output represents more than
second-largest copper producer, contributing around 10% of global copper output
Set Sights on Peru Expansion
However, production is expected to plateau in the coming years due to declining ore grades and a lack of new major projects.Despite
In 2024, $3.8 billion was invested in the sector, primarily for concentrator plants and equipment.The potential expansions by Anglo American
mining and logistics landscapes.
