Peru approves environmental study for $3.4 billion Buenaventura copper project

Group 1 - Peru has approved an environmental study for Buenaventura's Trapiche copper project, which involves an estimated investment of $3.4 billion [1] - The environmental certification office SENACE stated that the approval guarantees development under high sustainability standards in the Apurimac region [1] - Although the study's approval is crucial, it does not authorize the miner to commence operations, as additional permits are required [1] Group 2 - Buenaventura is one of Peru's largest mining firms and owns several gold and silver mines across the country [1] - The Trapiche project is expected to become one of Buenaventura's most significant copper projects upon its operational start after 2030 [1] - Buenaventura holds close to 20% of Cerro Verde, one of Peru's largest copper deposits, which is operated by Freeport McMoRan [1]