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Friday, July 25

Legal wrangle ends with new copper mining prospect

Peru ruling paves way for huge copper deposit bid: "Las Bambas has 40.5 million tonnes of proven ore reserves with a grade of 2.0 percent copper, but [Energy and Mines Minister Jaime] Quijandria has said there is potential for further exploration. Quijandria has said Phelps Dodge, BHP Billiton, Brazil's Vale do Rio Doce and Southern Peru Copper Corp. have expressed interest in the project." The Supreme Court clears the way for the government to reopen bidding for mining claim.



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