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Southern Copper to increase FY'16 copper output 22%

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Southern Copper to increase FY'16 copper output 22%

Grupo México SABde CV subsidiary SouthernCopper Corp. expects to increase its production 22% in 2016 to 930,000tonnes of copper, Reuters reported April 5, citing CEO Oscar Gonzalez.

In mid-February, Southern Copper CFO Raul Jacob Ruisanchez saidthe company expects the Peruvian government to issue the construction permit for its Tia Maria project in Peru within the year and hasearmarked a 2016 CapEx budget of US$100.0 million to start the project's construction.