en.Wedoany.com Reported - China's Zijin Mining Group disclosed at a mining forum held in Lima, Peru, on April 28, 2026, that the group is preparing to invest approximately $1.5 billion to expand its La Arena copper mine in Peru. The expansion plan was announced at the forum by Luo Yuchuan, CEO of La Arena Mining Company, which is controlled by Zijin Mining. The plan aims to further increase copper output at the mine and continuously seek new investment opportunities in Peru.

Luo Yuchuan stated that although Peru's current political situation is "quite unique," the group believes the country's fiscal and financial fundamentals remain stable, and the mining sector possesses considerable core investment potential. He said at the forum: "That is why we believe Peru is a good country for mining investment, and why we continue to look for other projects to develop." This expansion plan is a subsequent strategic move by Zijin Mining following its complete acquisition of the La Arena copper-gold mine at the end of 2024.

According to the plan, the La Arena copper mine expansion project will be constructed with an annual mining and processing capacity of 33 million tonnes, with a construction period of 3 years and a production period of 19 years. Upon reaching full capacity, the project will produce approximately 100,000 tonnes of copper annually, and the overall mine life will be extended by 19 years, expected to operate until around 2047. Zijin Mining's expansion plan focuses on increasing production capacity and extending the lifespan of the La Arena copper mine, which will help consolidate the group's supply capability in the global copper resource sector.

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