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Southern Copper, one of the world's largest copper producers, said it would invest $2.8 billion during the next three years to develop new capacity and that the program would lift annual output by 342,000 tonnes of copper and 6,600 tonnes of molybdenum. Of that investment total, $1.8 billion is earmarked for Peru and $1 billion for Mexico. Some $600 million is scheduled to be spent in Peru during the 2010 fiscal year, while roughly $200 million is tagged for Mexico, the company said. Among the projects Southern Copper said are progressing are its Toquepala expansion and the Tia Maria development in Peru.

China plans to invest more than 500 billion yuan in constructing a system of UHV AC and UHV DC grids in the coming five years, according to Liu Zhenya, general manager of the UHV Grid Extension Project. According to Liu, the total length of China’s UHV transmission lines will reach 40,000 kilometers.

Kazakh copper miner Kazakhmys plans to spend $6-billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company's chairman said on Friday.

Wind Generation Grows 120% In Central America, Costa Rica Leading The Way

In ROW, our strategy of introducing a broader product range into developing markets helped to offset the impact of lower-than-expected volume across a number of countries. The uneven demand experienced during the second quarter is largely episodic, as the fundamental growth drivers remain solid, and GDP rates for many emerging markets continue to outpace those in the developed world. Sequentially, our second quarter results reflect the impact of stronger demand in Venezuela, Brazil and Zambia. In Venezuela, the company benefited from higher spending on electrical infrastructure as the country works to reinforce a weak power grid. In Brazil, our results reflect the aerial transmission shipments and the introduction of specialty products as the country continues to industrialize while at the same time preparing for the World Cup in 2014 and the Olympic Games in 2016. In Zambia, our results reflect the shipment of aerial transmission products as the government invests in expanding its power grid. In addition, we strengthened our market position and product range in Colombia, Peru, Australia, South Africa and Mexico. In Mexico, we recently qualified and supplied our first high-voltage cables. Our market penetration into Mexico continues ahead of expectation, and is supported by a state-of-the-art manufacturing facility with high-voltage capabilities ranging up to 225 kilovolts and a comprehensive line of products for electric utilities and contractors. Overall, our results in ROW continue to demonstrate the non-linear nature of our business in the short-term, as construction, mining and utility products are moved between reporting periods, government appropriations are authorized and infrastructure investment plans are advanced.

Razvan Zavaleanu, Managing Partner al RTZ & Partners, believes that the buyer has the financial capability to save the mining in Moldova Noua. Moldomin started bankruptcy proceedings after the company which used to own it, Cuprom Baia Mare, went bankrupt.