LIMA Oct 1 Southern Copper will decide
in January if it will go forward with its $1.2 billion Peruvian
project Los Chancas, Chief Executive Oscar Gonzalez said on
He added that the company, one of the world's top copper
producers, is pushing ahead with its investment program in Peru
and Mexico despite the global downturn.
On the Los Chancas project, he said, "Once we have the
feasibility study we'll decide if it's viable. We'll make this
determination in January."
Southern Copper, controlled by Grupo Mexico,
has said a prefeasibility study of Los Chancas showed
mineralized resources of 355 million tonnes, with copper content
of 0.62 percent, molybdenum of 0.05 percent and 0.039 grams of
gold per tonne.