Zafranal is a proposed copper and gold project located in the districts of Huancarqui and Lluta in the Castilla and Caylloma provinces, respectively, of the Arequipa region in Southern Peru.
The Project is located in a semi-desert area with no agricultural activity, surface water or human habitation, at an altitude of between 1700 and 2900 meters above sea level. These characteristics are positive factors for the development of the project.
If developed the Project would consist of an open pit mine and a concentrator plant producing copper concentrate, in addition to other facilities for tailings and waste rock management, concentrate transport and water management.
Compañía Minera Zafranal (“CMZ”) is the project operator, and is committed to advancing the project in a socially and environmentally-responsible manner. CMZ is owned by Teck Resources Limited – Canada (80%) and Mitsubishi Materials Corporation – Japan (20%).
After completing Pre-Feasibility studies in 2016, the Project is now undertaking several technical studies, as well as the Social and Environmental Baseline Study of our area of influence.
After completing these studies, the project will finish with the Feasibility Stage and the preparation of the Environmental Impact Study which will coincide with continued extensive community engagement.
Upon completion of the feasibility study, receipt of EIA approval, and the project has social acceptance, the Project’s shareholders would consider a decision to sanction construction of the mine and apply for the relevant permits.
Following a sanction decision, construction is expected to take three years.
The operations stage would last approximately 20 years.