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Chinese Group Bids on Peru Iron Ore Project

Oct 28, 2008

Vancouver-based Cardero Resources has agreed that its subsidiary Cardero Hierro del Peru will sell its Pampa de Pongo iron ore property to China’s Nanjinzhao Group for $200m. However,...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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