Peru to be Second Largest Copper Producer Globally in 2016

An article from Mining.com notes that Peru plans to double its copper production by 2016, which would allow it to recover second place in the world rankings of copper producers.

As quoted in the publication:

During a visit to Freeport-McMoRan Copper & Gold’s (NYSE:FCX) Cerro Verde copper complex, about 30 km southwest of Arequipa, minister Eleodoro Mayorga Alba said the country’s total production will hit 2.8 million tonnes in 2016, up from 1.4 million tonnes in 2013, thanks to five major projects slated to begin operations that year, OutletMinero (in Spanish) reported. Freeport-McMoRan’s Cerro Verde’s $4.6 billion expansion, scheduled for completion during the first quarter of 2016, is one of those key projects, Mayorga Alba noted.

Click here to read the full Mining.com article.