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Southern Copper wins tender for Peru's mine

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MINE TENDER
Southern Copper won a tender to develop Peru's estimated $2-billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday. Southern, controlled by Grupo Mexico , won with a proposal to transfer $400-million to the government and pay 3% royalties, beating out Compania Minera Milpo, which had offered $250-million in transfers and 1.87% royalties.
 
 
 
 
 

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