LIMA, Aug 12 (Reuters) - Copper production in Peru was
down 11.7% year-on-year in June, the Andean country's energy and
mines ministry said on Monday, landing at 213,578 metric tons.
Over the first six months of 2021, the country produced 1.29
million tons, the ministry added, down 2.1% from the same period
last year.
Peru is the world's third-largest copper producer, after
recently losing its No. 2 title to Democratic Republic of Congo.
The ministry said it expects this year's output to hit 3.00
million tons, up from 2.76 million last year.
Authorities have been looking to boost the key mining
sector, which was hit by anti-government protests at the start
of last year, when Peru entered a technical recession.
It hopes to benefit from the start up of Tia Maria, a major
copper project from Grupo Mexico-owned Southern
Copper ( SCCO ) that is now expected to kick off production in
2027 after development was stalled for more than a decade due to
opposition from local communities.