Peru’s Minsur, which operates the world’s largest tin mine, will diversify into gold production by the final quarter of 2010. Minsur said in a filing to the local securities regulator that the Pucamarca mine, located in the southern region of Tacna, will produce 70,000 ounces of gold per year. The estimated investment in the project, located near the border with Chile, is about US$90 million.
The company’s San Rafael mine, in Puno region, produced 37,503 tonnes of tin-in-concentrate in 2009. It also owns the Pitinga tin mine in Brazil through local subsidiary Mineracao Taboca.
