Mitsui Mining to Restart Copper Production at Mine in Peru
Monday, Sep 29, 2008

Mitsui Mining & Smelting Co., a partner in Japans biggest copper smelter, restarted production at its Huanzala mine in Peru this month to meet rising demand.

The project will produce about 80 tons of copper concentrate a month to be sold to local smelters, said Naotsugu Asaki, a spokesman for the company today by phone, confirming an earlier story in the Nikkei newspaper. The mine has been used to produce zinc for about four decades.

Mitsui Mining and rivals have increased investments in procuring concentrates from mines in Chile and Peru as prices have jumped on demand for construction in China, India and the Middle East. Nippon Mining Holdings Inc.s copper unit is Mitsui Minings partner in Pan Pacific Copper Co., Japans largest producer of the metal.

 

Source: Bloomberg

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