Anglo American Quellaveco
Highly Cost-competitive Copper Project
Quellaveco is a large-scale copper mine located in the southern part of the Peru. Construction of the project was completed in July 2022, and production has already started. It produces approx. 300 kilotons per year (CuEq). It is the first mine in the country to deploy autonomous mining equipment such as trucks and drills and is 100% powered by renewable energy. MC has a 40% stake in Anglo American Quellaveco and contributes to increasing project value.
Critical Minerals Investment
The Critical Minerals Division oversees a portfolio of assets and projects that encompass copper, aluminum, nickel, and lithium, operating across diverse regions such as the Americas and Australia. Our strategic focus lies in investing in and fostering the development of these projects to bolster the stable supply of critical minerals. This objective aligns with the projected surge in demand over the mid to long term, driven by the accelerating trends of electrification including electric vehicle (EV) deployment.
By leveraging our capabilities with those of the Mineral Resources Trading Division and other key business units, our overarching goal is to adeptly cater to the evolving needs of customers worldwide, ensuring that we remain at the forefront of meeting the growing demand for critical minerals.
