Development banks seek to revive world’s biggest power project
The planned Grand Inga hydropower complex in the DRC has been stalled for decades.
Peru’s government said production in the country will double by 2016 and return it to the No. 2 position for output worldwide, reports Dow Jones newswire.
Jorge Merino, the national energy and mines minister, said new projects— like Las Bambas, Antapaccay, Toromocho, Antamina — will increase their output from the current 1.3 million tonnes to 2.8 million tonnes.
Copper miner Sociedad Minera Cerro Verde SAA is expanding its mine with a $4.4 billion investment.
Merino also said the government aims to ensure large-scale mining projects can proceed more rapidly following regional government consultations.
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