Buenaventura Resumes Ore Processing Operations at El Brocal Mine, Peru
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Buenaventura said ore treatment operations at its El Brocal processing plant has resumed. Ore treatment activities resumed operations to begin processing the accumulated inventory at the mine site.
El Brocal has accumulated approximately 220,000 tonnes of copper ore to date, the processing of which will gradually ramp to a rate of 15,000 tons per day, enabling recovery of ore processing which was halted during the suspension. The company expects to achieve the budgeted production in 3Q24 to achieve its full year 2024 production guidance.
Huaraucaca community leaders signed an agreement with El Brocal representatives to end the prior blockade and related suspension of ore treatment at the company’s processing facilities.
A formal dialogue between community leaders and Buenaventura, facilitated by officials from Peru’s Ministry of Energy and Mines (MINEM) have reviewed and addressed overall compliance with commitments between both parties. Buenaventura reaffirms its commitment and compliance with all signed agreements with communities surrounding its operations.
Buenaventura is Peru’s largest, publicly traded precious and base metals company and a major holder of mining rights in Peru. The company is engaged in the exploration, mining development, processing and trade of gold, silver, and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru: Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal, and Coimolache. The company owns 19.58 percent of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan and Sumitomo).
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