Chinalco Acquires Peru's Los Calatos Copper-Molybdenum Project in Deal Worth Over US$200 Million

Published: Jul 7, 2026 09:29
According to foreign media reports, China's state-owned Chinalco has completed the acquisition of Minera Hampton in a transaction valued at more than US$200 million. Minera Hampton owns the Los Calatos copper-molybdenum project in Peru's Moquegua region, one of the country's most advanced greenfield copper projects and among those closest to entering the construction stage. The transaction has received Phase I merger clearance from Peru's competition authority (INDECOPI).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
End-User Just-in-Time Procurement Difficult to Recover, Tight Supply Pushes Up North China Discounts [SMM North China Spot Copper]
30 mins ago
End-User Just-in-Time Procurement Difficult to Recover, Tight Supply Pushes Up North China Discounts [SMM North China Spot Copper]
Read More
End-User Just-in-Time Procurement Difficult to Recover, Tight Supply Pushes Up North China Discounts [SMM North China Spot Copper]
End-User Just-in-Time Procurement Difficult to Recover, Tight Supply Pushes Up North China Discounts [SMM North China Spot Copper]
Today, spot #1 copper cathode in North China was quoted against the front-month contract at a discount of 100 yuan/mt to a discount of 20 yuan/mt, with an average discount of 60 yuan/mt, up 30 yuan/mt from the previous trading day, and the average transaction price was 103,035 yuan/mt, down 45 yuan/mt from the previous trading day.
30 mins ago
BHP's Escondida Copper Mine Expansion Receives First Major Environmental Permit, $14.7 Billion Project Launched
1 hour ago
BHP's Escondida Copper Mine Expansion Receives First Major Environmental Permit, $14.7 Billion Project Launched
Read More
BHP's Escondida Copper Mine Expansion Receives First Major Environmental Permit, $14.7 Billion Project Launched
BHP's Escondida Copper Mine Expansion Receives First Major Environmental Permit, $14.7 Billion Project Launched
On July 7, BHP announced that its Escondida copper mine expansion project in Chile had secured the first major environmental permit, officially commencing a total investment of approximately $14.7 billion. Chile’s Antofagasta Environmental Assessment Commission approved early-stage works covering sulfide leaching and power upgrades, costing approximately $1.3 billion. Escondida is the world’s largest copper mine, with BHP holding a 57.5% stake, Rio Tinto 30%, and the remainder held by a Japanese enterprise consortium. As the world’s largest copper ore producer, BHP plans to more than double annual production to over 2 million mt by the mid-2030s. The company expects to invest $10.7 billion to $14.7 billion in its Chilean operations over the coming years, and has applied for $1.5 billion to restart the Cerro Colorado mine and $5.9 billion to build a new beneficiation plant.
1 hour ago
Enamelled wire operating rate weakened MoM, while YoY remained at a relatively high level
2 hours ago
Enamelled wire operating rate weakened MoM, while YoY remained at a relatively high level
Read More
Enamelled wire operating rate weakened MoM, while YoY remained at a relatively high level
Enamelled wire operating rate weakened MoM, while YoY remained at a relatively high level
According to SMM, the overall operating rate of the enamelled wire industry was 71.96% in June, down 0.36 ppt MoM but up 2.03 ppts YoY. Large enterprises saw an operating rate of 76.49%, medium-sized enterprises 60.35%, and small enterprises 68.55%.
2 hours ago
According to foreign media reports, China's state-owned Chinalco has c - Shanghai Metals Market (SMM)