Article

Cerro de Pasco Resources has entered a funding agreement with the US International Development Finance Corporation (DFC) for up to $5 million to support the Quiulacocha tailings reprocessing project in Peru. DFC is also considering providing up to $300 million in long-term loan financing for construction.

The project will recover silver, base metals, gallium, and indium. Under the agreement, Cerro de Pasco will conduct sonic drilling, geotechnical studies, feasibility studies, and prepare an environmental and social impact assessment.