Peru mining sector sees copper JVs as way to unlock new projects

The Peruvian mining sector may see joint-venture agreements in the future as a way to unlock new copper projects in remote areas that are not used to the industry.

Peru, the world’s No. 2 copper producer, has the vast majority of its copper mines concentrated in its Southern Andes. But long-stalled projects in a small area of the Northern Andes could be more efficiently built with a joint-venture or common infrastructure, as copper prices remain high.