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Peru cancels copper project auction amid political crisis - Report

Metal News - Published on Fri, 22 Dec 2017

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Reuters reported that government of Peru’s embattled President Pedro Pablo Kuczynski canceled its scheduled auction of a USD 2 billion copper project, Michiquillay, amid a growing political crisis.

The regional bloc Organization of American States said earlier that it was preparing to send a delegation to Peru, the world’s second biggest copper producer, to observe the “political situation” at the request of Kuczynski ahead of a vote in Congress to oust him on Thursday.

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Posted By : Rabi Wangkhem on Fri, 22 Dec 2017
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