Proinversión, Peru’s state body aimed at increasing private investment in public companies, has declared the project to build a mineral concentrates terminal at the port of Callao to be in the public interest. This designation means that any other interested parties have 90 days to contact the government, after which an international tender will be issued. If not, then the project will be taken forward by its original promoter.
The terminal will cost $96.5 million and take 18 months to build. The project is being promoted by the Callao Transport
Consortium (CTC), which aims to be the eventual operator. Its shareholders are Perubar (32.5%), Cormin (32.5%), Chinalco (7%), El Broncal (8%) and Santa Sofía Puertos (20%).
The loading of concentrates will be done in a completely enclosed environment, therefore ensuring that the terminal is as
environmentally friendly as it is possible.