FQM Denies Claims of Stalled Progress at La Granja Copper Project in Peru
First Quantum Refutes Reports of Public Opposition, Confirms Steady Progress at Peru’s La Granja Copper Project
First Quantum Minerals Ltd. (TSX: FM) has rejected recent claims suggesting its La Granja copper project in northern Peru is paralyzed by public opposition, describing the allegations as outdated, misleading, and inconsistent with current realities on the ground.
The company’s statement came in response to a report by GEM Mining Consulting, which alleged that the project remains “blocked by public distrust.” First Quantum countered that La Granja is advancing decisively and transparently, under stringent environmental, social, and governance (ESG) standards.
“These claims rely on sources that are nearly two decades old and no longer reflect the project’s current progress or community relationships,” the company stated.
A World-Class Copper Asset Moving Forward
Located in Querocoto District, Cajamarca, La Granja is a joint venture between First Quantum (55%) and Rio Tinto (45%). The project entered a new development phase in September 2023, focused on advanced exploration, technical assessments, and socio-environmental studies.
With an inferred mineral resource of 4.32 billion tonnes at 0.51% copper and substantial potential for expansion, La Granja is recognized as one of the world’s largest undeveloped copper deposits and a cornerstone for Peru’s future mining output.
Commitment to Transparency and Environmental Compliance
First Quantum emphasized that Peruvian regulatory authorities have conducted multiple inspections at La Granja, none of which identified any non-compliance issues.
The company also operates a participatory environmental monitoring program, which includes local community representatives, ensuring continuous oversight and transparency in environmental management.
“La Granja is progressing under a model of responsible mining where agriculture, livestock, and mining coexist harmoniously,” First Quantum stated.
Community Engagement and Local Support
The miner highlighted strong and growing relationships with surrounding communities, supported by:
Local employment initiatives, prioritizing nearby residents.
Procurement from regional suppliers, boosting local economies.
A permanent community information office in Querocoto to promote dialogue and trust.
Recent perception studies conducted by the company indicate that a majority of residents hold a favorable view of La Granja and see it as a key driver of regional growth and job creation.
Furthermore, the project enjoys support from local, regional, and national authorities, reinforcing its strategic importance to Peru’s mining sector and economic development.
Environmental and Social Impact Assessment Underway
Part of the project’s $546 million initial funding has been allocated to completing a comprehensive Environmental and Social Impact Assessment (ESIA), expected within the next two years. The ESIA will integrate input from community consultations, environmental experts, and government agencies.
“Far from being stalled, La Granja continues to advance through dialogue, trust, and environmental stewardship,” the company concluded.
