By Deirdre Tynan • 08 June 2021 • 15:49
Rogelio Velasco attends the explanations on the new project of Mine Cobre Las Cruces.
Image: Junta de Andalucia
Green light for the Cobre Las Cruces mining project, which involves more than €500 million in investment and will create more than 1,000 jobs.
The Ministry of Economic Transformation, Industry, Knowledge and Universities has granted mining authorisation to develop the new Cobre Las Cruces underground mining project and polymetallurgical plant for the production of copper, zinc, lead and silver.
Counsellor Rogelio Velasco said, “It is a strategic initiative of great significance for the development of Andalucian industry, innovation, job creation and revitalisation of the municipalities where it is located.”
The mining and metallurgical project, called PMR, Polymetallurgical Refinery, will be active for at least 14 years and will involve a direct investment of more than €500 million and an additional €177 million for the construction of renewable energy facilities. The project is estimated to generate about €450 million in public revenue over the course of its lifetimes.
It is also expected to create thousands of jobs including 1,200 jobs during the construction phase, 900 jobs when it starts production as well as about 1,500 indirect positions.
Along with the authorisation granted by Transformación Economica, which also includes approval of the environmental restoration plan associated with the future activity, Cobre Las Cruces has also obtained the corresponding environmental permits from the Junta de Andalucia.
Velasco said, “Cobre Las Cruces is a benchmark company in Andalucia and the initiative, which is of great significance due to the investment and job creation that it entails, will contribute to strengthening the metal mining sector.
“This endorsement by the Autonomous Administration guarantees that any future activity to be developed will be highly sustainable and will follow all the strict security parameters,” he added.
Cobre Las Cruces is a subsidiary of the multinational First Quantum.
Thank you for reading, and don’t forget to check The Euro Weekly News for all your up-to-date local and international news stories.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
Your email address will not be published. Required fields are marked *
Downlaod our media pack in either English or Spanish.