Peru's Cerro Verde 2Q Net $159.6Mln Vs $301.3Mln
2009年7月31日 - 3:26AM
Dow Jones News
Base metals miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL)
posted second-quarter net income of $159.6 million, compared with
$301.3 million in the same quarter a year earlier.
The drop in net income was due to lower revenues tied to weaker
copper prices, the company said.
Operating income totaled $408.5 million in the second quarter
compared with $687.1 million in the same quarter a year
earlier.
The company produced 169.3 million pounds of copper in the
second quarter compared with 178.6 million pounds in the same
quarter a year earlier.
Cerro Verde is majority controlled by Freeport McMoRan Copper
& Gold. (FCX) Compania de Minas Buenaventura SAA (BVN) and a
subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in
the company.
-By Robert Kozak, Dow Jones Newswires; 511-221-7050;
peru@dowjones.com