Peru is the world’s third-largest copper producer, after recently losing its No. 2 title to Democratic Republic of Congo.
The ministry said it expects this year’s output to hit 3.00 million tons, up from 2.76 million last year.
Authorities have been looking to boost the key mining sector, which was hit by anti-government protests at the start of last year, when Peru entered a technical recession.
It hopes to benefit from the start up of Tia Maria, a major copper project from Grupo Mexico-owned Southern Copper that is now expected to kick off production in 2027 after development was stalled for more than a decade due to opposition from local communities.
(By Marco Aquino; Editing by Kylie Madry)
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Publish date : 2024-08-12 05:41:00
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