Peru Expects 66 Percent Spike in Copper Output in 2016

Base Metals Investing

Reuters reported that Peru is expecting a 66 percent increase in copper output next year, as MMG’s Las Bambas project is expected to come online in February.

Reuters reported that Peru is expecting a 66 percent increase in copper output next year, as MMG’s Las Bambas project is expected to come online in February.
As quoted in the publication:

Ongoing talks with leaders in communities where protests against Las Bambas turned deadly in September have been positive and have not held up the $7.4 billion project, Energy and Mines Minister Rosa Maria Ortiz said.
The Las Bambas mine, in the highland region Apurimac, should produce between 250,000 and 300,000 tonnes of copper in 2016, Ortiz said.
Peru is expected to produce a growing share of copper supplies in years ahead, but community conflicts in the Andean country threaten to clog its $56 billion mining project pipeline.

Click here for the full article.

pipeline Copper Investing