UPDATE 1-Rio Tinto, First Quantum partner to develop Peru copper project
Yahoo! Finance
Rio Tinto Ltd and Canada's First Quantum Minerals Ltd will form a joint venture to develop the La Granja copper project in Peru, the Anglo-Australian miner said on Friday. First Quantum will buy a 55% stake in the project for $105 million, and commit to invest up to $546 million in the joint venture. Rio Tinto had acquired the La Granja project from Peru's government in 2006.
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