Southern Copper Corp., Peru’s biggest copper producer, will resume expanding its Toquepala mine in Peru after prices rebounded this year, according to Bloomberg.
The expansion, halted earlier this year, will increase the company’s total output by 20% percent.
In addition, Cuajone mine is expected to produce a little more than last year, according to Oscar Gonzalez Rocha, the chief executive officer of the Phoenix, Arizona-based company
Southern Copper produced about 500,000 metric tons of copper last year.
On the other side, the company is still waiting for Mexican authorities to rule on an appeal by striking workers at Cananea mine in Mexico, shut since 2007.
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