Grupo México receives authorization to invest USD 1.2bn in Peru
Se autoriza a Grupo México para invertir USD 1.200m en Perú
Intel ID : 224417
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Mexico-based metal mining group Grupo México, the largest copper mining company in Mexico, announced it received approval to expand its production capacity in Toquepala mine in Peru, which will be carried through its subsidiary Southern Cooper. The investment will be USD 1.2bn. The objective is to increase from 60,000 to 120,000 metric tons per day, which would represent an annual increase of 100,000 tons of refined copper and 3,100 tonnes of molybdenum, as of 2017. It is therefore estimated a total annual production of approximately 231,000 metric tons.
(content in spanish)
El grupo mexicano minero-metalúrgico Grupo México, principal productor de cobre del país, ha informado que ha recibido la autorización de ampliar su capacidad productiva en la explotación de Toquepala en Perú a través de su filial Southern Cooper. La inversión requerida será de USD 1.200m. Este proyecto busca aumentar de 60.000 a 120.000 toneladas métricas por día, lo que anualmente se traduciría a un incremento de 100.000 toneladas de cobre refinado y 3.100 toneladas de molibdeno a partir de 2017. Se estima que la producción anual total sea de unas 231.000 toneladas métricas. |
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| Intel ID | 224417 | |
| Value | EUR 1,12m | |
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US Dollar (USD)
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Financial Data - Grupo México
(31 Dec 2017) |
Revenue: EUR 1.636,00m EBITDA: EUR 700,85m Exchange Rate: 
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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35.10.08 Rail Freight Transport 35 Industrials / 35.10 Transportation & Logistics |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.