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Hochschild Goes After Chilean Miner

Nov 9, 2012

London-listed Peruvian miner Hochschild Mining has launched a bid to acquire Chile-focused exploration and development Andina Minerals for CAD103m ($103m), the companies say. The CAD0.80 per share cash offer represents a 106% premium. Andina did not run a formal auction process but has been in...

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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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