Antofagasta Minerals, one of the most prominent mining companies in Chile, announced the start of studies in Peru to identify copper extraction projects.
The executive president of the company, Iván Arriagada, revealed that, as part of its active program of early-stage exploration projects, its specialized teams seek to establish areas of interest for the development of mining works in Peruvian territory.
“We are doing exploration to establish targets that may be of interest to develop projects that are in an early stage, an exploration project takes between 10 to 15 years. Our strategy is America”, he pointed out during Perumin 2022.
The executive was cautious about the regions that have sparked the company’s interest. He only explained that the amounts allocated, for now, are lower. In addition, he stressed that “copper is necessary for a change of era”, the so-called energy transition that the sector and the world in general requires.
It should be noted that world copper production today ranges between 23 and 24 million tons; however, by 2030, it is estimated that world demand will require between 4 and 6 million tons more.
“We are not clear about how we are going to meet that demand and achieve the energy transition,” said the executive.
In this context, Peru and Chile, according to the executive, must establish an alliance to respond to this and new challenges. The path is to create the conditions to encourage more investments in copper projects.
Antofagasta Minerals has begun the path to renew the energy matrix. By 2022, the company has managed to switch to 100% the use of renewable energy.
Finally, by 2025, its operations will use seawater entirely, while by 2050, the projection is to neutralize carbon in all its activities.