LIMA, Sept 11 (Reuters) -
Copper production in Peru, the world's No. 3 producer of the
key industrial metal, will likely fall short of a government
goal of 3 million metric tons this year, a top mining official
said on Wednesday.
Output is currently on track to reach about 2.8 million
tons this year, said deputy mining minister Henry Luna.
However, he noted that some miners may increase their
production estimates under a new government norm allowing copper
processing plants to increase their capacity by 10%.
"At the end of the year (production) goes up, but what's
projected for the year is 2.8 million tons in Peru," Luna told
reporters at a mining industry conference.
According to official data, copper production this year
through July fell 2.3% compared to the same period a year
before.
Output in the period was 1.51 million metric tons, due to
declines of 5.7% at Cerro Verde, 11.3% at Las Bambas and 17.1%
at Toromocho, according to a government report.
In July alone, Peru produced 222,389 tons of copper, a 3.2%
drop from the year before. During the month, production dropped
nearly 25% at Quellaveco, owned by Anglo American.
After years as the world's second-largest copper miner after
Chile, Peru last year lost its position to the Democratic
Republic of the Congo.
The government's production goal for this year was initially
3 million tons, which would mark a 9% increase over last year.
The SNMPE mining, oil and energy association last month said it
expected copper miners to fall short of that target.