From Financialpost · · 1m 10s
Cerro de Pasco Resources Wins Quiulacocha Tailings Auction
Cerro de Pasco Resources secures Peru's Quiulacocha tailings for reprocessing after AMSAC auction.
In brief
Cerro de Pasco Resources secures Peru's Quiulacocha tailings for reprocessing after AMSAC auction. Cerro de Pasco Resources won the Quiulacocha tailings auction from AMSAC on October 12, 2026, to reprocess critical minerals and address environmental liabilities. Originally reported by Financialpost.
Awarded Quiulacocha Tailings
Cerro de Pasco Resources Inc. won AMSAC's Public Auction No. 001-2026-AMSAC for Quiulacocha tailings on October 12, 2026.
Auction Details
The auction transferred Quiulacocha tailings storage facility mining environmental liability ID No. 6752 from AMSAC to the company's subsidiary.
Critical Minerals Focus
The tailings host polymetallic minerals including critical minerals, expected to supply these while addressing Peru's largest legacy mining environmental liabilities.
Next Steps
Definitive agreements with AMSAC are expected within days, consolidating mineral and surface rights for the reprocessing project.
Company Background
Cerro de Pasco Resources focuses on reprocessing historic mining waste to recover value and address environmental liabilities in central Peru.
Environmental Impact
The project addresses Peru's largest legacy mining environmental liabilities through critical mineral reprocessing and environmental remediation.
What Happens Next
After signing definitive agreements, the company will advance a maiden Mineral Resource Estimate and feasibility studies for the Quiulacocha Tailings Reprocessing Project.
The main idea
Cerro de Pasco Resources won the Quiulacocha tailings auction from AMSAC on October 12, 2026, to reprocess critical minerals and address environmental liabilities.
