Seeking Alpha

Southern Copper sees 2014 copper output up nearly 20%

  • Southern Copper (SCCO) says it expects its copper output to rise 19.4% to ~800K metric tons this year as a new leach plant in Mexico boosts capacity.
  • SCCO also expects construction of the $1B Tia Maria copper mine in southern Peru to begin in H2 2014 after the government approves a key permit.
  • CEO Oscar Gonzalez says the company sent the Peruvian government's environmental impact study for Tia Maria yesterday, and the government review is due within 30 days.
  • SCCO has said Tia Maria should produce 120K metric tons/year of copper vs. total company output of 670K last year.
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Comments (1)
  • clack
    , contributor
    Comments (29) | Send Message
     
    The 800K figure applies to 2015. 670K is still the 2014 estimate. There is now a corrected item for this out on Reuters.
    20 May 2014, 09:12 PM Reply Like
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