The leading producing nation expects to generate more than 6 million tonnes of copper for the first time this year, with output rising by about 30% by 2015.
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Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.
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The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.
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