Looking for strategic
access for the Pacific Ocean and now enjoying the good political and economic
stability of Peru, Brazilian companies are turning their eyes to that country.
Vale, for example, will
inaugurate its operations in Piura, next August 5th. Vale's phosphate mine
project has consumed more than 560 million dollars of investment.
Votorantim Metals considers
buying a stake in the Milpo mining company, based in the country. If finalized,
the transaction could reach the 420 million dollar mark.
Eletrobrás is also
interested in investing in South America's second largest copper producer, and
intends to invest around 12 billion dollars in several hydroelectric plants.