SMMYY - Peru To Support Copper Expansion Targets 4 Million Tons Of Annual Production | Benzinga
Peru is targeting an ambitious increase in copper production, aiming to reach 4 million tons annually, driven by the expansion of its principal Cerro Verde mine and the development of other significant projects. Peruvian Minister of Energy and Mines, Rómulo Mucho, highlighted these plans as part of the country's strategy to bolster its position as a leading copper producer.
"The Ministry of Energy and Mines promotes sustainable mining projects in the country because mining is the main support of our economy," he said at the annual meeting. "This activity generates large resources so that infrastructure and electrification projects, among others, can be carried out to improve the quality of life of Peruvians."
The Cerro Verde mine expansion, a $600 million project, is a key component of this plan. Located in the Arequipa region, Cerro Verde is responsible for nearly 19% of Peru's copper ...