Seeking Alpha

Southern Copper says expected strike won't hurt production

  • Southern Copper (SCCO -0.7%) says a 48-hour strike planned for tomorrow by workers in Peru won't hurt production, as the company could put an emergency plan into place.
  • SCCO said recently it plans to invest $7.1B in projects in Peru and Mexico until 2016, with the aim of increasing output of copper to 1.18M tons vs. 640K tons expected to be produced this year.
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