|Project Details||The project extends over more than 6.000 hectars. At planned production rates, Rio Blanco would be amongst the 20 largest copper mines in the world, producing on average of 191,000 tonnes of copper per annum and 2,180 tonnes of molybdenum per annum during the first five years. |
On 27 April 2007, a Chinese consortium, Xiamen Zijin Tongguan Development Co. Ltd (the Zijin Consortium) acquired a majority shareholding (89.9%) of Monterrico.
Rio Blanco Copper S. A., which today officially owns the mine is itself owned by both the British Monterrico Metals and the Chinese Zijin Mining Group.
The project includes 25 km of new roads and electrical networks, as well as a port at Bayovar on the Pacific coast.
|Project Area (in hectares)||6,000|
|Level of Investment (in USD)||1440000000|
|Type of Population||Rural|
|Potential Affected Population||25,000|
|Company Names or State Enterprises||Majaz S.A. Mine from Peru|
Monterrico Metals plc
Zijin Consortium (Xiamen Zijin Tongguan Investment Development) from China
|Relevant government actors||Municipality of Huacabamba - Peru, Municipality of Sndor - Peru, MEM - Peru, Ombudsman - Peru, PNP - Peru|
|Environmental justice organisations and other supporters||CONACAMI - Peru, FDSFNP - Peru, Rondas Campesinas, Farming Communities of Segunda and Cajas - Peru, Asociación de Mujeres Protectoras de los Páramos AMUPPA, Provincial Federation of peasant vigilantes of Huancabamba - Peru, Front for the Defence of Life and Environment of Huancabamba - Peru, CEPICAFE - Peru, Professors Association of Huancabamba - Peru, Frente por el Desarrollo Sostenible de la Frontera Norte del Perú (FDSFNP), Oxfam America|