Peru's 'copper mountain' in Chinese hands
At 15,000 feet (4,600m), Mount Toromocho, 86 miles (138km) from Lima, is comparable to any mountain in Europe.
It gets its name from its shape - The Bull With No Horns. And it is composed almost entirely of copper ore: two billion tonnes of it.
It could become the most productive copper mine anywhere on earth. Now it belongs, in effect, to China.
When open-cast mining begins, in three or four years, a Chinese mining company, Chinalco, will send the copper back home to be turned into electrical wire.
The plan is to use it to carry out the electrification of the whole of China....MORE
HT: Elaine Meinel Supkis' Money Matters