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The article discusses the mining company Cerro de Pasco Corporation's entry into the United States' aluminum industry. Company president Robert P. Koenig has expanded the company's aluminum rolling mill in the state of West Virginia. Topics mentioned include Cerro's copper, lead, and zinc mines in the Peruvian Andes mountains, Koenig's experience in the mining industry, and Koenig's efforts to diversify the company's business.

The article focuses on the plans of four U.S.-based mining companies for joint development of copper ore reserves in southern Peru in 1955. Despite heavy inroads by aluminum, the companies still pursue the 200 million U.S. dollars worth of five-year development plan. It is believed that the Peruvian deposits have one-billion tons of copper-bearing ore.

The article reports on career developments involving executives from various mining companies worldwide in 2006. Mike Salamon will retire from his position as executive president of BHP Billiton after the annual general meeting of the company in 2006. Michael Kiernan was selected as a new non-executive director of Precious Metals Australia. Charles W. Reed was appointed as the new vice president of exploration of Reese Corp. Ross Beaty was appointed as the new chairman of Northern Peru Copper Corp. He will also serve as a director of the firm.