The Collahuasi copper mine in northern Chile, 88%-owned by global miners Xstrata Copper and Anglo American, said on Thursday its annual output should reach 1 million tonnes of copper by 2015.
The deposit produced over 400,000 tonnes of copper last year and is in the process of ramping up its concentrator capacity from 150,000 tonnes a day at present to 170,000 tonnes and then ultimately to 260,000 tonnes a day.
"We are still at the conceptual stages, so we can't give a concrete date, but 2015 could be reasonable," said Miguel Angel Duran, CEO of the local unit of Anglo American Plc, referring to the 1 million tonnes output target.
Anglo American and Xstrata Copper each hold 44 percent stakes in Collahuasi, with the 12 percent balance held by a consortium of Japanese companies led by Mitsui & Co Ltd.
Source: Reuters
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