Cobreorco Sets Benchmark in Peru with EIS Approval and Community Engagement

On June 13, 2025, Peru’s Ministry of Energy and Mines approved the Environmental Impact Statement (EIS) for the Cobreorco copper project, a joint venture between Condor Resources and Teck Resources. This key milestone enables surface drilling and accelerates the permitting process. Teck may acquire up to a 75% stake by investing over US $10 million, reflecting strong confidence in Peru’s copper-rich shale belt. Importantly, the project prioritizes social license through active consultation with two local rural communities. The EIS approval highlights a commitment not only to regulatory compliance but also to building trust and aligning with local development goals. Cobreorco sets a new standard for socially responsible project advancement in the region.