The mine Las Bambas, located in Peru and owned by mmg (MMG Ltd.), has received approval from the environmental regulatory agency Senace. This mine, situated at the junction of Challhauhaucho, Tambobamba, and Coyllurqui in Cotabambas province, will undergo upgrades costing $6.6 billion. Of this, $1.753 billion will be used for the construction phase, while an additional $4.893 billion will be allocated to the operation phase. This will extend the mine's operational period by six years, until 2039.