Marius Kloppers, chief executive at BHP Billiton plc (ADR) (NYSE:BBL), the world's biggest mining company, has admitted that expansion plans are looking more and more risky, keeping in mind the current economic uncertainty.
Other senior mining companies with operations in Peru include Barrick, BHP Billiton, Rio Tinto, Xstrata PLC (LON:XTA), Pan American Silver, First Quantum, Rio Alto, Hudbay, Candente Copper and Chinese state-owned Chinalco.
Rio and BHP Billiton Ltd. are weighing a sale of their respective diamond interests as commodity prices decline and the companies turn their attention to investing in other materials such as iron ore and copper.
project manager DRA International, which has extensive experience operating in the region, having done work with majors like Anglo American (AAUKY-Q) and BHP Billiton (BHP-N). “Given that this is a unique sector, an emerging sector and our unique ...