LIMA, April 10 Peru's Milpo, which is
controlled by Brazilian industrial group Votorantim,
said it planned to restart two small copper mines in Peru and
Chile in 2015 and 2016.
Milpo suspended its Chapi project in Peru and Ivan mine in
Chile partly because of declining ore grades and rising
The polymetallic miner aims to start production at Chapi in
the first quarter of next year and at Ivan sometime in 2016,
Chief Executive Officer Victor Gobitz told reporters late
Ivan, Milpo's only mine in Chile, produced about 4,500
tonnes of copper cathodes per year when operative.
Milpo produced 681,000 tonnes of copper, zinc and lead
concentrates last year, mainly from its Cerro Lindo, El Porvenir
and Atacocha mines.
Milpo is Peru's second-biggest lead producer and
third-largest zinc producer.
(Reporting by Patricia Velez; Editing by Lisa Von Ahn)