Xstrata said Friday that the definitive estimate for the Las Bambas project in southern Peru is 5.2bn dollars.
This has reconfirmed the updated estimate reported in August 2012 and the project's status as a world class, Tier 1 copper asset that will deliver "substantial value", it said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Will the National Housing Bank help the housing market?The government claims its ‘housing bank’ will fund the building of 500,000 homes. Here is what you need to know
-
Best and worst countries to retire to from a tax planning perspectiveOnce the poster child for expat-friendly taxes, Portugal is now one of the worst countries for pension taxation. So, which European countries are the smartest financial choices when it comes to retiring abroad?
