Copper production dropped sharply..
News Alert from Reuters via Quote.com
Topic: (NYSE:PCU) Southern Peru Copper Corp, (NYSE:AR) Asarco Inc, (NYSE:MCU)
Magma Copper, (NYSE:CYM) Cyprus AMAX Minerals Co,
Quote.com News Item #5533565
Headline: Southern Peru's Jan copper output off 5.15 pct
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LIMA, Feb 24 (Reuters) - Copper mine output at Southern
Peru Ltd (LIM:SOU.T) (NYSE:PCU) was 19,923 tonnes in January, down
5.15 percent from the same month in 1997, the government said
Tuesday.
Southern, Peru's largest copper producer, is majority owned
by Asarco Inc (NYSE:AR) and accounted for 56 percent of Peru's
total output of 35,839 tonnes in January, the Energy and Mines
Ministry said in a statement.
Those figures were for copper produced at Southern's
Cuajone and Toquepala open-pit mines.
Output at the country's second largest producer, Magma
Copper Co's (NYSE:MCU) Tintaya mine, fell 3.03 percent to 5,716
tonnes. The former state-run Tintaya mine was sold to U.S.-
based Magma in November 1994.
Output in January from Cyprus's Amax Minerals Co's (NYSE:CYM)
Cerro Verde open pit, Peru's third largest copper producer,
rose 1.26 percent to 4,779 tonnes. Cerro Verde was privatized
in December 1993.
At state-run Centromin Peru, the fourth largest producer,
production fell 25.53 percent to 2,384 tonnes.
Copper is Peru's largest single export earner, accounting
for about one-fifth of total Peruvian exports.
221-2133, lima.newsroom@reuters.com))
Copyright 1998, Reuters News Service |
