China’s biggest aluminium producer, Chinalco Mining Corp. International has ceased all operations at the Toromocho copper project in Peru due to alleged non-compliance with environmental laws on certain water discharges.
According to the news article on Bloomberg, mining will not continue until the whole issue is resolved; however, the company revealed that work at the processing plant and other ancillary operations will not be affected in any manner.
The Toromocho Project is located in central Peru, in the core of the Morococha mining district. According to current estimated reserves and production plan, the Toromocho Project can produce ores for 32 years.
Demand from top copper consumer China has slowed down significantly, resulting in a highly bad performance of copper on the London Metal Exchange.
Initial production at the Toromocho project began in December 2013 and full capacity production is forecasted for the third quarter of 2014.
“So far, the halt of the mining operation won’t affect the schedule of reaching full capacity,” said Yuan Li, spokesman for parent Aluminium Corp. of China.
Chinalco Mining Corporation International is a resource development company that acquires, explores and develops properties for non-ferrous and non-aluminium mineral resources.