From Tuesday, September 26th to Monday, Octuber 02nd, 2017
ProInversión reported that 3 Peruvian and 5 foreign mining companies are interested in the public tender of the Michiquillay mining project
The executive director of ProInversión, Álvaro Quijandría, announced the great interest of foreign companies in the awarding of the Michiquillay mining project. He also reported that there is a possibility that some of these companies may participate in the process through corsortiums.
Although it did not give more details about which companies are interested in the project, it has been confirmed that Buenaventura bought the regulations of the project published by ProInversión, while the companies Southern Cooper and Milpo maintain great interest in participating in the public tender.
According to the project regulations, the presentation of the economic offer and the award of the project are scheduled for November 15th. According to the director of ProInversión, the project is shown as an attractive, profitable and viable investment opportunity due to the copper price recovery. Michiquillay is expected to start operations with a production of 80,000 tons per day.