Mineweb reported that ABB will supply gearless mill drives to Freeport-McMoRan Copper and Gold’s (NYSE:FCX) copper-molybdenum mine in Peru.

As quoted in the market news:

The new milling facilities are part of Freeport’s $4 billion plans at Cerro Verde for a large-scale concentrator expansion. The project will expand the concentrator facilities from 120,000 tonne/day to a massive 360,000 tonne/day and would target incremental annual production of approximately 600 million pounds of copper and 15 million pounds of molybdenum making Cerro Verde one of the world’s largest copper mines.

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