My Blog List

Friday, July 8, 2011

Grupo Mexico Looking to Invest in Peru Copper Mine

In particular, reports from Mexico indicate that Grupo Mexico is aiming to revive the $1bn Tía María project of its Southern Copper Corporation that was put on hold in April of last year by the current Peruvian government.

Grupo Mexico, is one of the world’s leading copper producers. It leads operations in the United States and Peru as well as in its home country, and reports have indicated that Grupo Mexico is striving to bring its $1bn Tía María project in Peru back to life. The project includes the construction of a desalination plant, that will be purposed to provide water for Tía María from the coast by means of a 20-mil aqueduct.

The project was stopped last April by the current Peruvian government but is expected to initiate once again with the expected change of elected leaders.

Click here to read more about the project and Mexico's current fdi projects.

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