ProActivo

By Mónica Belling

 

Chinalco won the Colca and Jalaoca prospects, located in Apurímac and Cusco. For Colca it offered 4 million 950 thousand soles, around US $ 1,473,220; while for Jalaoca, the amount offered for said property was not reported. The mechanism was through a public auction made today by the Ingemmet, after falling both of the ProInversión portfolio. Two of the several aspects initially highlighted by said state agency were: Large areas available for exploration located in a proven mining jurisdiction and close to large-scale mining projects; in addition, with immediate access to infrastructure.

The base price for Colca was S / 1,570 and had five bidders. After Chinalco, Hanaq Group offered S / 1’250,000 and Río Tinto, for S / 745,800. With respect to the mining prospect of Jalaoca, the base price was S /. 856; and the amount offered by the Chinese state-owned mining company, Chinalco, is unknown.

Two ANAP that fell from ProInversión to Ingemmet

The history of the Areas of Non-Admission of Petitions – ANAP “Colca” and “Jalaoca” begins when, through an Inter-institutional Cooperation Agreement, of October 30, 2009, INGEMMET and PROINVERSIÓN assumed the commitment to cooperate and work in coordination with the purpose of identify new areas for mining prospection, qualified and declared as Areas of Non-Admission of Petitions (ANAP).

In 2013, Supreme Decree N ° 007-2013-EM declares ANAP as “Colca” and “Jalaoca”; and Ingemmet is authorized to carry out regional mining prospection work at the same, with the costs that this demands.

In 2013, Supreme Decree N ° 007-2013-EM declares “Colca” and “Jalaoca” as ANAP; and Ingemmet is authorized to carry out regional mining prospection work at the same, with the costs that this demands.

In March 2018 there was the first experience of two ANAPs that meet the requirements of a call-after five years of studies by Ingemmet-for ProInversión to incorporate them into their portfolio of mining projects. Thus, in Toronto, within the framework of PDAC 2018, the executive director of ProInversión Alberto Ñecco, presents Colca and Jalaoca achieving the interest of various investors.

In May of the same year, ProInversión announced that the award for the good bid for Jalaoca was scheduled for July; and of Colca for September of that same year. It was confirmed the interest of 15 investors for both deposits.

Despite that official announcement, on September 25 ProInversión announced the suspension of the international Colca award and extended the bid schedule for Jalaoca. In the first case, he argued the need to “expand the information to the surrounding communities”. And for Jalaoca referred the need for greater socialization with the elected authorities after the elections of October 2018. However, in February 2019, in statements to the press – on the eve of PDAC 2019 – the director of Investor Services of ProInversión, César Peñaranda, reported that Colca and Jalaoca had been withdrawn without giving an explanation of what the causes were. In March Ingemmet, ratifies this information so it calls the auction that took place today May 31.

DATA:

      • For “Colca”, the other bidders: Miguel Angel Soto Palacios S /. 170,500; Gladys Nancy Neyra Pinedo S /. 2,500.
      • The “Colca” mining deposit covers 14,100 hectares and is at an average height of 2,900 meters. It is a neighbor of the Las Bambas deposit; and is located in the Apurímac and Cusco regions.
      • Jalaoca is located in the Apurímac region and covers 6,400 hectares and is located at 4,500 meters above sea level.
      • The mining prospects Colca and Jalaoca were going to be the first ANAP awarded in the international call and that were destined to start the promotion path for more projects of their type, at that level.
      • Ingemmet brings to the auction both prospects after receiving the Official Letter N ° 27-2019 / proinversion of January 23, 2019, which informed that by the resolutions of the Executive Direction N ° 01-2019 / DEP.05; and No. 02-2019 / DEP.04 of January 11, 2019 approved the cancellation of the International Public Competitions for the Promotion of Private Investment processes of the Jalaoca and Colca mining projects, respectively.
    Remate de depósito Colca

    Remate de depósito Jalaoca