Southern Copper will decide in January if it will go forward with its $1.2-billion Peruvian project Los Chancas, CE Oscar Gonzalez said on Monday.
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 mineralised resources of 355-million tons, with copper content of 0.62%, molybdenum of 0.05% and 0.039 g/t of gold.
Edited by: Creamer Media Reporter
