August 10, 2018 |
Texas-based Fluor Corporation will construct Anglo American's Quellaveco copper project in Peru, a mining initiative worth more than $5bn in project costs. The contractor, responsible for early site infrastructure development in the area since 2014, said copper production is expected to begin in 2022.
LatinFinance reported Anglo American’s approval of the copper project last week.
Anglo American CEO Mark Cutifani said: “We expect Quellaveco to generate a real, post tax IRR of greater than 15%,
Texas-based firm holds onto a contract that could swell above $5bn in investment