empty
 
 

2018.02.2114:53:00UTC+00PERU: Southern Copper Wins Michiquillay Project For US$ 400 Million

Southern Copper was awarded the Michiquillay copper project in Cajamarca, Peru, amounting to an investment of US$ 2 billion, in one of the most relevant mining projects in the South American country, reported ProInversi?n, an official local agency tasked to promote private investments in Peru.

Southern Copper won the tender with a transfer price of US$ 400 million and a contractual royalty of 3%, the agency reported on Twitter.

The deposit is part of a portfolio of US$ 50 billion projects through which the government intends to compensate for the drop in investments following the corruption scandal that linked President Pedro Pablo Kuczynski with Odebrecht, which paralyzed important infrastructure works in the country.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback