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Southern Copper sees Peru output hitting 400,000 T this year - exec
Southern Copper, controlled by Grupo Mexico GMEXICOB.MX, expects its production of the red metal in Peru to bounce 17% this year to 400,000 metric tons, a senior executive told Reuters, driving the firm's overall output growth. The mining firm, Peru's third largest copper producer, saw its copper output slide to 342,000 tons last year from just over 398,000 tons the year before as operations at its Cuajone mine were paralyzed by almost two months of community protests. These have cooled this year despite ongoing political tension. The strong production forecast shows how miners in the Andean country are defying a ... (full story)