Brazilian base metals miner Paranapanema has reviewed its investment plan for the period 2011-2013, realocating about US$ 15 million for the expansion of its Eluma copper products subsidiary. Thus, some US$ 453 million will be invested according to the plan.
Other projects will also benefit from the expenditures, such as a tube plant and a copper refinery. Paranapanema also plans to build a new plant to refine precious metals.