Peru to boost copper output 75% by 2015
By Marco Aquino
Peru, the world’s No. 2 copper producer, hopes to counteract falling metals prices by boosting production of the red metal 75 percent by 2015, the country’s Minister of Energy and Mines Jorge Merino said on Thursday.
That would bring Peru’s copper production to 2.15 million tonnes in three years compared with 2011′s 1.24 million tonnes, though its output would still be well below the 5.24 million tonnes per year produced in neighboring Chile.