Peruvian Cerro Verde Plans $1 Billion Expansion, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Sociedad Minera Cerro Verde S. A. (Arequipa, Peru) is planning a $1 billion expansion at its Cerro Verde copper mine in order to boost production from 300,000 tons of copper per year to 400,000 tons per year. Sociedad Minera Cerro Verde is controlled 53.56% by Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX), 21% by SMM Cerro Verde Netherlands B.V., 18.5% by Compania de Minas Buenaventura S.A. (NYSE:BVN), and 6.94% by other shareholders.
For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136297, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to email@example.com or visit us at www.industrialinfo.com.
Related News Articles
Freeport-McMoRan Leads $10 Billion Rocky Mountain Mine Spending Spree
Construction Under Way for Expansion at Andacollo Copper Mine in Chile
Codelco to Invest $250 Million to Increase Extraction at Radomiro Tomic Copper Mine
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources