The mining company The Bambas officially restarted all its operations in Apurímac for today, Monday, January 3, 2022, according to an update note sent to the Hong Kong Stock Exchange, where it is listed.
“As of December 31, 2021, The Bambas It has begun to progressively restore mining, production and the normal operation of concentrate transport. The plant has been operating at full capacity from December 31, 2021 and the miner is expected to reach its maximum capacity by January 3, 2022 ″, greeted the Chinese capital company based in Australia and that extracts copper and molybdenum.
The decision comes amid an upward trend in copper prices, which at the end of 2021 reached US $ 9,706 per ton.
According to the Mining Statistical Bulletin of the Ministry of Energy and Mines (Minem), the copper production of The Bambas in the January-October period amounted to 251,521 tons, of which 26,762 corresponded to the month of October.
The company reported that inventories in the mine’s supply have risen to some 50,000 tonnes of copper in concentrate.
While the company’s investment stood at US $ 187,492,563 million soles in January and October 2021, of which S / 14,995,618 were registered in the tenth month.
In this way, investment in The Bambas It was distributed as follows between January and October 2021.
– Plant benefit: US $ 73,244 11
– Mining equipment: US $ 42,289,061
– Infrastructure: US $ 15,973,212
– Others: US $ 55 986 179
It should be noted that the figures were reported by the owners of each company until November 26, 2021.
MMG shares rally
After announcing the resumption of its operations, the mining company’s shares rose in the early hours of 2022, after announcing the total resumption of its operations in the Las Bambas mining project, located in Apurímac.
Along these lines, a share of the Chinese mining company today is US $ 2.55. “The share price of 1208.HK has changed to + 1.96% or +0.05 HKD” since the last trading day, the Hong Kong Stock Exchange said.
.
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
