Mining major CVRD has informed President Alan Garcia of its plans to invest US$479mil to develop the phosphates production at Bayovar (Piura). The project designs a phosphate concentrates plant with capacity to process 3.3mil mtpy of ores to start up operations by 2010, and also a port at Sechura to flow away exports. The concession on the270mil m tons firs class phosphates reserves at Bayovar was adjudicated to CVRD on March 2005 and this project has been on inception since then.
Publication: SABI - Business News
Provider: South American Business Information
Date: July 26, 2007
7/26/07
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