RIO DE JANEIRO, BRAZIL - In theory, Peru's annual copper production could reach 5 million tons by the end of the decade. But in practice, mining attrition is likely to keep this figure below 4 million tons, according to BTG Pactual.
Analysts, including Cesar Perez-Novoa, wrote in a research note that some greenfields have high production in their early years, but this gradually declines over three to five years, even below their mining plans.
Peruvian mines are expected . . .