Glencore has strengthened its presence in Peru with the acquisition of the Quechua copper project, adjacent to its Antapaccay mine, to capitalize on growing copper demand.
Target Information
Glencore, a leading global mining and commodity trading company, has made a significant move to strengthen its footprint in Peru by acquiring the Quechua copper project located in Espinar, Cusco. This project is strategically important as it is adjacent to Glencore's existing Antapaccay mine, enabling the firm to maximize operational synergies and enhance its resource base in a key mining region.
The Quechua project presents promising geological characteristics, which are expected to contribute positively to Glencore's production profile in the upcoming years. By securing this asset, Glencore aims to bolster its copper production and reaffirm its position as a key player in the South American mining industry.
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Industry Overview in Peru
Peru is one of the world's top producers of copper, with mining playing a pivotal role in the country's economy. The mining sector significantly contributes to Peru's GDP, accounting for around 10% of the
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Glencore
invested in
Proyecto Quechua
in 2025
in a Other Private Equity deal
Disclosed details
Transaction Size: $1,500M