What's Happening?
Metso has been awarded a contract by Southern Peru Copper Corporation to supply copper refining technology for the Tia Maria project in Cocachacra, Province of Islay, Peru. The contract, valued at $115.06 million, involves the provision of Solvent Extraction
and Electrowinning (SX-EW) technology. This technology is designed to ensure sustainable operations with reduced lifetime costs and reliable performance. The new facility is expected to produce 120,000 tons of high-purity copper cathodes annually. Metso will deliver VSF solvent extraction and electrowinning facilities, which include Dual Media Filters, a robotic cathode stripping machine, and an acid mist capture system to minimize environmental impact. The order has been recorded in the Minerals segment for the first quarter of 2026.
Why It's Important?
The contract highlights the growing demand for copper, a critical component in various industries, including electronics and renewable energy. By securing this contract, Metso strengthens its position in the copper refining market, showcasing its advanced technology and commitment to sustainable practices. The Tia Maria project is significant for Peru's economy, potentially boosting local employment and contributing to the country's copper production capacity. The use of advanced technology in this project underscores the industry's shift towards more environmentally friendly and cost-effective solutions, aligning with global sustainability goals.
What's Next?
Metso will proceed with the delivery and installation of the SX-EW technology, providing site advisory services and start-up spare parts. The project is expected to enhance Metso's reputation as a leader in copper refining technology. As the facility becomes operational, it may attract further investments in the region, promoting economic growth. Stakeholders, including local communities and environmental groups, will likely monitor the project's impact on the environment and local economy. The success of this project could set a precedent for future mining and refining projects in the region.
