More than 20 companies attracted to $2-billion copper project in Peru

More than 20 companies have expressed an interest in bidding on the $2 billion Peruvian copper project Michiquillay in an auction due to take place on December 20, the Peruvian government said on Monday. Michiquillay is the first sizable mineral deposit to be offered up in a public auction in more than a decade in Peru, the world’s second biggest copper producer. The timing – amid rising copper prices – should help make the auction competitive. Kitco reports. Mexico’s Alfa reports $327-million loss and cuts earnings guidance Mexican conglomerate Alfa on Monday reported a $327 million third-quarter loss and cut its earnings guidance for 2017, amid financial troubles at a client of its petrochemicals unit Alpek. Alpek said in September […]

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