# Anglo American temporarily slows down Quellaveco copper project due to COVID-19 quarantine

- Link: https://www.directorstalkinterviews.com/anglo-american-temporarily-slows-down-quellaveco-copper-project-due-to-covid-19-quarantine/412809002
- Published: 2020-03-17T07:32:23+00:00
- Author: Amilia Stone

**[Anglo American plc](https://www.directorstalkinterviews.com/ftse-company/anglo-american/aal.l)**(
[LON:AAL](https://www.directorstalkinterviews.com/company/anglo-american/aal.l))
today announced the temporary withdrawal of the majority of employees and contractors
from its Quellaveco copper project in Peru, following the Government of Peru’s announcement
of a 15-day national quarantine to curb the spread of COVID-19. Construction work
on the project will therefore be significantly slowed, with only critical areas 
of the project continuing as normal, until such time as workers can return safely.

> **Mark Cutifani, Chief Executive of Anglo American, said: **“The safety and health
> of everyone must come first, ever more so at times such as these. We are in the
> process of safely demobilising most of the 10,000 strong construction workforce
> at our Quellaveco copper project, in support of the Government of Peru’s measures
> to control the spread of COVID-19. Our development of this world-class project
> has progressed ahead of schedule and within our budget and we would expect to 
> be able to accommodate this slowdown within our market guidance on both timing
> and costs at this stage.”

The Quellaveco copper project is expected to begin production in 2022, with an expected
capital cost of $5.0 to 5.3 billion. During the first ten years of full production,
Quellaveco is expected to produce approximately 300,000 tonnes per year at a cash
cost of $1.05 per pound of copper.

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