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Latest News in Peru / Archive
Mining/Energy | 29 October, 2009 [ 11:50 ]
Southern Peru plans to raise output by 70 percent by 2012
LivinginPeru.com
Isabel Guerra
Southern Copper Corp. could “easily” double its annual output to more than 1 million metric tons, according to Chief Executive Officer Oscar Gonzalez Rocha.
Southern, which expects to produce 500,000 metric tons this year, plans to raise output 70% at its Peruvian mines by 2012, Gonzalez said, adding that “We can easily reach more than 1 million tons of production from mines in Mexico, Peru and the US.”
Southern expects Peru’s government will approve studies for its $934 million Tinga Maria copper mine before the end of the year, allowing construction to begin in the first quarter of 2010.
Southern also plans to add 100,000 metric tons of annual production at its Toquepala mine by 2012, as part of $2.1 billion of investments in Peru.
(Condensed from Bloomberg)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Southern Copper Corp. could “easily” double its annual output to more than 1 million metric tons, according to Chief Executive Officer Oscar Gonzalez Rocha. Southern, which expects to produce 500,000 metric tons this year, plans to raise output 70% at its Peruvian mines by 2012, Gonzalez said, adding that “We can easily reach more than 1 million tons of production from mines in Mexico, Peru and the US.”
Southern expects Peru’s government will approve studies for its $934 million Tinga Maria copper mine before the end of the year, allowing construction to begin in the first quarter of 2010.
Southern also plans to add 100,000 metric tons of annual production at its Toquepala mine by 2012, as part of $2.1 billion of investments in Peru.
(Condensed from Bloomberg)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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Loosen up animal lovers! The alpaca looks pretty calm sitting on the surf board. Now if ... - In Animal right activists denounce the surfing alpaca stunt in Peru
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I think God gets really pissed off when people harm, or in this case, exploit animals. Watch your ba ... - In Peru: Peruvians spend some $100 a month in pet care
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