Glencore Takes Full Control of Quechua Copper Project in Peru
JX Advanced Metals Corporation said its affiliate Pan Pacific Copper (PPC) has transferred 100% of the shares in Compania Minera Quechua (CMQ) to Glencore Peru Holding, handing full ownership of the Quechua copper project to Glencore. CMQ held the mining concessions for the project, which has remained undeveloped despite multiple feasibility studies over the past decade. PPC first acquired the Quechua asset in 2007 but deferred development as it prioritized the Caserones copper and molybdenum project in ...