Sociedad Minera Cerro Verde SAA, (CVERDEC1.VL) said Wednesday that it plans to restart its molybdenum circuit this month.

"The molybdenum operations will restart in September due to an increase in demand," it said in a filing to the Peruvian securities commission.

In January, the company suspended the operations - which produced three million pounds of molybdenum in 2008 - due to poor market conditions.

The company also said it had told shareholders about plans to continue seeking opportunities to increase copper production.

The Cerro Verde mine, majority controlled by Freeport McMoRan Copper & Gold, (FCX), is located in southern Peru near the city of Arequipa.

Compania de Minas Buenaventura SAA (BVN) and a subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in the company.

 
-Robert Kozak, Dow Jones Newswires; 511-99927 7269; peru@dowjones.com