February 21, 2018 / 4:58 PM / 3 months ago

Southern Copper says to put about $2.5 bln into Michiquillay mine

LIMA, Feb 21 (Reuters) - Southern Copper Corp will invest about $2.5 billion in Peruvian copper project Michiquillay, with production of 225,000 tonnes of copper per year expected to start in 2015, the company said in a statement on Wednesday.

Southern Copper won a tender to develop the mine on Tuesday, in an auction that attracted just two bidders. The government had expected investment of around $2 billion would be needed. (Reporting by Teresa Cespedes; writing by Hugh Bronstein)

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