CAPITAL MARKETS

La Granja up for grabs as Cambior pulls out

STRUGGLING Canadian miner Cambior Inc has pulled out of Peru’s La Granja copper project, one of world’s biggest copper deposits, to concentrate on gold projects in Canada.

Greg Tubby

State-owned Minero Peru has called for new bids and expects to award a new concession on November 17. “The successful bidder would have to offer more than US$15 million to Peru and to negotiate with...

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