Peru relies on great potential to export over 5 million fine tons of copper a year and become the world's largest copper-producing country, Peruvian Institute of Mining Engineers Chairman Victor Gobitz affirmed Tuesday.
It must be noted Chile currently stands as the world's largest copper
producer with 5.2 million fine tons per year, whereas the Inca country ranks second
with 2.5 million tons.
"We have Michiquillay, Galeno, Conga, La Granja, Tia Maria, Mina Justa, Las Chancas, among others (mining projects). The copper portfolio is quite large, and Peru has the potential to equalize Chile," he underlined.
Gobitz also explained that —besides mining potential
— the country relies on other strengths that Chile does not have, such as low energy costs and competitive workforce.
On the other hand, Gobitz projected copper price
will remain above US$3 per pound since the demand will remain strong for a long term.