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Xstrata Copper Creates New Division in the South of Peru

Tuesday, November 20th, 2007

Xstrata Copper announces an important organisational change with the creation of the Southern Peru Division, headquartered out of the city of Arequipa.
“This initiative is directly related to Xstrata Copper’s growth strategy in Peru,” said Xstrata Copper’s Chief Executive Charlie Sartain. “The consolidation of our existing operations and projects in Southern Peru within a regionally based organisation will enable us to rapidly develop this division into one of our major global copper businesses. It also confirms our long term commitment to our investments in Peru,” he said.
The new division will be responsible for the management of the Tintaya mining operation, the Las Bambas and Antapaccay development projects, regional exploration and the development of business initiatives in southern Peru.
José Marún, formerly General Manager of Tintaya, will lead the Southern Peru Division as its Chief Operating Officer. Luis Rivera, formerly Technical Services Manager at the Xstrata-managed Minera Alumbrera mine in Argentina, will replace José Marún as General Manager of Tintaya.
At the same time, Ronald Luethe will continue as General Manager, Southern Peru Projects and Domingo Drago will assume the role of General Manager Corporate Affairs of the new division.

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