The biggest-ever pipeline of copper projects is under threat as Chile, the world's top producer, struggles to contain rising opposition to new power plants.
House prices in some parts of Rio are up nearly 80% in the past year,” says Ronaldo Coelho Netto, an estate agent in Rio de Janeiro, looking up at a new development near the city centre.
Brazil’s billionaire Eike Batista said that he expects to become the world's richest person, speaking in an interview at the Milken Institute's annual global conference in California.
Carlos Slim considered by Forbes Magazine the richest man in the world said he’s seeking to boost his investments in Colombia because of the country’s open policy on oil exploration, its mineral assets and growing middle class.
Brazil’s wealthiest man, Eike Batista paid the equivalent of 285.000 US dollars for the inauguration suit of President Lula da Silva when he first took office in January 2002. The sale was part of a charity auction to collect funds for a famous Sao Paulo favela (shanty town) that goes by the name of Paraisopolis, (Paradise City).