Teck may raise value of Zafranal project in Peru to more than $2bn

Canada's Teck Resources is considering revising the value of its Zafranal copper project in Peru to more than $2-billion from $1.3-billion, one of its executives said Wednesday.

The initial value of the project was set in 2019, when copper prices were below their current levels, the general manager of Zafranal Mining Co, Mario Baeza, said at a conference on Peru's mining industry.