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Southern Copper says to put about $2.5 bln into Michiquillay mine
Southern Copper Corp(SCCO) will invest about $2.5 billion in Peruvian copper project Michiquillay, with production of 225,000 tonnes of copper per year expected to start in 2015, the company said in a statement on Wednesday. Southern Copper (SCCO) won a tender to develop the mine on Tuesday, in an auction that attracted just two bidders.
Southern Copper wins tender for Peru's Michiquillay mine
Southern Copper Corp(SCCO) won a tender to develop Peru's estimated $2 billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday.
UPDATE 1-Southern Copper wins tender for Peru's Michiquillay mine
LIMA, Feb 20 (Reuters) - Southern Copper Corp won a
tender to develop Peru's estimated $2 billion Michiquillay
copper mine in an auction that attracted just two bidders, the
government's Proinversion investment agency said on Tuesday.
Peru says Southern Copper wins auction to develop Michiquillay mine
Southern Copper Corp(SCCO) won a tender to develop Peru's Michiquillay copper mine with a proposal to transfer $400 million to the government and pay 3 royalties, the government said on Tuesday. Southern beat out local miner Compania Minera Milpo SAA, which proposed a $250 million transfer with royalties of 1.875 percent, the official Proinversion investment agency said.
INSIGHT-Displaced by mining, Peru villagers spurn shiny new town
This remote town in Peru's southern Andes was supposed to serve as a model for how companies can help communities uprooted by mining. Named Nueva Fuerabamba, it was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.
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