Peru's Antamina mine life extension cost hiked to $2bn, CEO says

Peru's largest copper mine, Antamina, will spend $2-billion to extend the useful life of the deposit through 2036, up sharply from $1.6-billion previously planned, the company's CEO told Reuters on Wednesday.

Antamina CEO Victor Gobitz said the new investment figure for Antamina, co-owned by Glencore, BHP Group, Teck Resources and Mitsubishi, was due to higher and additional costs.