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News story: Anglo American’s Quellaveco in Peru is the UK largest investment

first_imgThe development phase of the project has an expected capital cost of US$5to US$5.3 billion and will be funded on an attributable basis: 60% by Anglo American and 40% by Mitsubishi.First production of copper is expected in 2022, ramping up to full production in 2023.Mark Cutifani, CEO of Anglo American, said: Anglo American this week announced the approval of its Quellaveco project, a world-class copper project in Peru.This announcement represents the UK’s largest investment ever in Peru, highlighting the UK’s long-standing commitment to the country. The investment will reach up to US $5.3bn, making the UK the largest foreign direct investor in the country.Colin Gray, Chargé d’Affaires at the British Embassy, said: Quellaveco is one of the world’s largest and most attractive undeveloped copper orebodies. After several years of extensive preparatory work, we are very pleased to develop the project together with our partners Mitsubishi. We are grateful for the strong support we have gained from our host communities and at the national level. Quellaveco should bring very significant opportunities and sustainable benefits to the lives of those we employ, our business partners, the surrounding region and Peru as a whole, for decades to come. Anglo American’s announcement is excellent news for Peru and for our bilateral relationship. This is a moment of pride and the culmination of many years of hard work. This project will create thousands of jobs and bring greater prosperity across the country. I offer my warmest congratulations to all those who have worked so hard to make it a reality. The support of local communities is the result of an innovative 18-month consultation with local authorities and community representatives from the Moquegua region. Through this ‘dialogue table’, Anglo American agreed 26 detailed and specific long-term commitments relating to water management, environmental protection and social investment. For example, by ensuring that the water required by the operation is drawn mainly from a river whose water is naturally unfit for human or agricultural use and additionally by collecting excess rainfall and sharing it with the communities, Anglo American is delivering on its promise of a positive water impact for local people and their livelihoods.For more information, please contact:British Embassy, ​​Lima:Gabriel Real de [email protected]: 617 3008last_img read more

Do you have your tickets for bakery’s biggest night?

first_imgMake sure you’ve got your place booked for the biggest night in the baking industry calendar.Taking place at the London Hilton on Park Lane on 5 September, the Baking Industry Awards is a premier networking event that anyone working in – or connected with – the bakery industry will not want to miss.As Tesco category director Gordon Gafa said recently: “The Baking Industry Awards are the highlight of the bakery calendar and a privilege to be part of, always graced by the most important players in the industry.”With an ‘Oceanic’ theme, this year’s event will begin with a champagne reception that will be followed by a three-course dinner.Then comes the glittering awards ceremony, hosted by TV presenter and all-round entertainer Stephen Mulhern, and recognising the winning businesses, individual and products in 10 categories:Baker of the Year – sponsored by Brook Food Processing EquipmentBakery Innovation of the Year – sponsored by ReiserCelebration Cake Business of the Year – sponsored by RenshawFree-from Bakery Product of the Year – sponsored by IngredionSupermarket Bakery Business of the Year – sponsored by Lantmännen Unibake UKSpeciality Bread Product of the Year – sponsored by BakelsThe Craft Bakery Business Award – sponsored by Dawn FoodsThe Customer Focus Award – sponsored by CSM Bakery SolutionsThe Rising Star Award – sponsored by RondoOutstanding Contribution to the Baking Industry – sponsored by DélifranceStephen is one of the most in-demand television presenters today, with a string of smash hit television shows including Catchphrase and Britain’s Got More Talent.As well as his TV career, Stephen is an experienced all-round entertainer, having performed his very own magic and one-man variety shows up and down the country for the past 12 years. He even has a BAFTA Award under his belt.Attendees can also enjoy entertainment into the early hours with around 800 other bakery delegates at this fantastic event.How to book tickets:When: Wednesday 5 SeptemberWhere: Hilton Hotel, Park Lane, London W1Tickets: £290 a ticket, table of 10: £2,625Tickets sell out, so apply early to [email protected] or tel: 01293 846593(Finalists and partners attend free)last_img read more