Glencore Bolsters Peru Copper Presence With Project Acquisition
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Glencore Plc is strengthening its position in Peru with the purchase of a project near its existing mining operations, part of the company’s global copper expansion strategy.The Swiss commodities giant acquired the Quechua project in Espinar, Cusco, from Japan’s Pan Pacific Copper Co. for an undisclosed sum, it said Tuesday in a statement. The investment to build the copper mine is valued at $1.3 billion, according to Peru’s energy and mines ministry.