MEXICO CITY Mexican mining company Grupo México SAB de CV plans to increase its copper production nearly 70 percent to 1.4 million tonnes annually over the next five years, according to a senior executive.
In order to reach this goal, the Mexico City-based miner will seek to decrease its energy costs by bringing two gas plants on stream in the country, Juan Rebolledo Gout, vice president of international relations, told delegates at the BNamericas Mexico Mining Summit in Mexico City.
"In Mexico, energy costs represent about 28 percent of our costs, so we are building two gas plants of 250 megawatts each," he said. "We have already built one of them."
The company produced 826,209 tonnes of copper last year from its mines in Mexico, Peru and the United States.
Mexicos Buenavista Mine, one of the worlds largest copper mines, is controlled by Grupo México.
A version of this article was first published by AMM sister publication Metal Bulletin.