Chinese-owned Peruvian mine inks 15-year transport deal moving 400,000 tonnes per year from January 1 2016 making it the planet's third largest copper mine.
Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.
Just to up gold as a share of forex reserves to 5% – compared to 70% in developed economies – central banks in emerging markets need to buy 8,000 tonnes.
At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.
The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.