China Minmetals Invests in Peru

China Minmetals will invest an estimated $2.5bn in Peru’s Galeno copper mine in the Cajamarca region, according to the country’s vice minister of mines, Fernando Gala. The company’s potential investment in Peru could reach as high as $11bn, which would represent 25% of Peru’s project financing needs, he says. “This project should serve as an example to other investors from Hunan that they can come to Peru,” Gala says.