The local MINA CONGAS is currently gearing-up to develop a very large, low-grade, gold-copper mine in Peru. According to Thomas de Mull, MINA CONGAS General Manager, the project is expected to require an investment of $900,000,000 to complete.

The initial resource estimate, contained in 2 ore bodies, has been established at 399 million tons grading 0.86 grams per ton of gold and 0.31% copper. Operating plans envision an annual throughput of 30 million tons per year. However, a project feasibility study is currently under way and is scheduled for completion some time during .