Peruvian miner Minsur BVL:MINSURI1 is set to kick off blasting work in October for an access tunnel to an underground copper mine expected to cost some $500 million, an executive at the firm said on Wednesday, part of the Justa mine expansion plan.
Juan Luis Kruger, CEO of Minsur, said in a forum with mining executives in Arequipa, in Peru's south, that the underground mine is targeted to become the nation's second-largest.
Peru is the world's third-largest copper producer.