https://www.miningweekly.com

Peru copper output drops 11.2% in May after stoppage at key mine

7th July 2022

By: Reuters

  

Font size: - +

LIMA - Peru said on Wednesday that its copper output fell 11.2% in May from a year-ago after a stoppage at its Las Bambas mine and lower quality production in other deposits.

Output from the world's second biggest copper producer totaled 174 258 t in May, while output in the first five months of the year reached 898 175 t, representing a drop of 0.3%, the Energy and Mines Ministry said in a report.

Las Bambas, owned by Chinese conglomerate MMG, was paralysed from the second half of April to early June.

Southern Copper Corp's Cuajone mine, meanwhile, was also stopped for almost two months until April due to a protest.

In addition to the Las Bambas stoppage, the ministry noted the lower output reflected a 26.8% drop in production volume by Southern Copper due to lower quality of its output.

That was partially offset by higher production at the Antamina mine, controlled by Glencore and BHP, and in Cerro Verde, owned by Freeport-McMoRan, which rose 3.8% and 12.6% respectively.

Edited by Reuters

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION