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La Granja is located at high altitude in Cajamarca, a known mining jurisdiction in northern Peru. Credit: First Quantum Minerals
One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project. Meanwhile, the Haquira project, fully owned by First Quantum in the Apurimac region, is in the “pre-feasibility” stage. It could reach an annual output of 200,000 tons once at full capacity.
The company shifted focus toward Peru after Panama’s government decided last year to annul First Quantum’s contract to operate“We are now working with Panama’s government to ensure the environmental stability , the integrity of the copper assets, and, most importantly, the safety of our employees,” Lewis said.
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