British mining group Anglo American said Wednesday it would invest 1.7 billion dollars (1.2 billion euros) to boost copper output at its Los Bronces mine in Chile to 400,000 tonnes a year by 2011 from 226,000.
At the same time production of molybdenum, a heat-resistant metal used in the manufacture of aircraft parts and industrial motors, would increase from 2,123 to 5,400 tonnes a year.
Los Bronces is an open-face mine in the Andes Mountains northeast of the Chilean capital Santiago.
Copyright 2008, by
AFP
. All rights reserved
EU proposes 25 pct cut in cod quotas amid...
Oil prices fall on US data, amid OPEC uncertainty