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Peru has granted approval for Buenaventura's environmental study for the Trapiche copper project, involving a $3.4 billion investment. The certification from SENACE ensures sustainability standards in the Apurimac region, although mining operations cannot begin until further permits, such as a construction license, are obtained.

Buenaventura anticipates the project will be crucial for its operations after 2030. The company reported revenue of $730.63 million and a 3-year growth rate of 20.9%, alongside strong profitability metrics, but faces risks from commodity price volatility and regulatory challenges.