YRC Worldwide unit inks Minera Chinalco Peru deal

OVERLAND Park, Kan. — A unit of trucking company YRC Worldwide Inc. has reached a new three-year service agreement with Minera Chinalco Peru S.A., the company said Thursday.

The agreement with YRC Logistics is for logistics activities supporting the construction of the Toromocho Project. Terms of the deal were not disclosed.

The company will begin moving materials later this year and expects copper production beginning in the first quarter of 2012.

The Toromocho Project is a large copper-molybdenum open-pit mine, located in the mountainous region east of Lima, Peru.

The company said that currently prices for copper are up due to strong demand in the China manufacturing sector.

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