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Panama Copper Gets $1bn Boost

Aug 21, 2012

Canada’s Franco Nevada has agreed to provide $1bn in funding to Inmet Mining’s Cobre Panama project in exchange for future precious metals production, it says. The funds are to be delivered over a 3-year...

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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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