Swiss corporation Glencore has agreed to sell its zinc businesses in Bolivia to the Canadian company Santa Cruz Silver Mining, it was announced Tuesday.
Britain's Ambassador to Peru Kate Harrisson Thursday highlighted that the United Kingdom is currently the biggest foreign investor in the Andean country, thanks to the sizeable mining projects currently under way.
Pressure is growing on global commodity trading firms with strong ties to Switzerland for their alleged involvement in the “Car Wash” corruption scandal in Brazil. The US Federal Bureau of Investigation is investigating two Vitol executives in the Americas, according to Reuters news agency.
The export price of Argentine soy-oil has plummeted 21% so far this year, due to new European bio-diesel tariffs and China’s change of policy, putting one of the country's key industries at risk. Argentina is the world's top exporter of soy-oil, which is used to make bio-diesel.