China’s state-owned Chinalco said it would step up investment at its flagship project in Peru, as the country becomes an increasingly important supplier of copper to China.
Wu Jianqiang, president of Chinalco China Copper, said the company’s Toromocho mine would produce around 180,000 to 190,000 tonnes of copper this year, an increase of 13 per cent.
Last year the company failed to meet its copper output target of 182,000 tonnes, with output reaching 168,376 tonnes, according to Peru’s customs statistics.
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