Berenguela to cost $165m

A scoping study into the Berenguela copper/silver project, in Peru, has estimated that the project could be developed into a 1.6-million-tonne-a-year operation with a mine life of 11 years. ASX-listed Valor Resources on Tuesday reported that the project was expected to require a capital investment of $165-million, and could deliver some 119 000 t of copper and around 37-million ounces of silver over the life of the project.