Reported 5 months ago
China's MMG Ltd. aims to start extracting copper from a new pit at its Las Bambas project in Peru by the end of the year, potentially reaching its maximum capacity of 400,000 tons in 2025. The expansion comes after years of disruptions due to community protests. The global demand for copper, particularly in electric vehicles and renewable energy projects, has led to record prices, prompting miners like Las Bambas to increase their output.
Source: YAHOO