The local unit of Chinese steelmaker Shougang Group has already started work on a $1.3 billion expansion of its Marcona iron ore mine.Įarlier this week, China’s Shandong Gold Group said it was looking forward to investing in Peru, but declined comment on potential projects. The Peruvian subsidiary of China’s Zhongrong Xinda Group is scheduled to start building its proposed $2.5 billion iron ore mine Pampa de Pongo this year, according to Peru’s government. “The clear support from the president for our expansion project doesn’t just give us the enthusiasm and confidence to build the project, it also drives us to plan new projects in the near future,” Ge said without offering details. from Ho Chi Minh to countries such as Mexico, Colombia, Guatemala, Peru. Peruvian President Martin Vizcarra, who took office in March, praised the expansion at Toromocho as the first important investment in his government and said it would create 3,500 jobs through 2021. COSCO shipping tracking system keeps you updated about important milestones in. The ceremony at Peru’s presidential palace was held to celebrate Chinese miner Chinalco’s $1.36 billion expansion of its copper mine Toromocho in southern Peru, which will increase output by 45 percent in 2020, Chinalco’s Chief Executive Ge Honglin said.
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