Peru's Hochschild looks to invest US$21mn in drilling rigs at Pallancata mine
Peruvian miner Ares, a subsidiary of Hochschild Mining, plans to invest US$21.3mn in 66 drilling rigs to optimize operations at its Pallancata silver-gold mine.
Pallancata is in Ayacucho region, in southern Peru.
In a supporting technical report (ITS) submitted to the environmental certification service for sustainable investments Senace, the company said the proposed works will not modify the mining-metallurgical processes.
The rigs will require 7.4km of new temporary access routes.
The drilling, which is for geotechnical, metallurgical and other purposes, is estimated to take nine months.
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