Overview
- Pan Pacific Copper transferred 100% of Compania Minera Quechua shares to Glencore Peru Holding, handing the project to Glencore.
- The purchase price was not disclosed, and Glencore did not provide immediate comment.
- The Quechua deposit has remained undeveloped since PPC acquired it in 2007 despite multiple feasibility studies and a focus shift to Chile’s Caserones.
- Glencore operates mines and holds concessions near the Quechua area, which could allow use of existing infrastructure.
- JX is restructuring its portfolio toward advanced materials and says options for its Chilean copper stakes remain under consideration.