Andes News
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Barrick Gold Corp., the biggest miner of the metal by sales, is considering shrinking in size as the company focuses on returns over production volumes, Chief Executive Officer Jamie Sokalsky said.
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Sea levels may rise as much as 69 centimeters (27 inches) through 2100 as water temperatures rise, glaciers melt in the Andes and Himalayas and ice sheets in Greenland and Antarctica shed water, European scientists said.
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Williams College, ranked first among U.S. liberal-arts schools, plans the biggest borrowing in its 220-year history as education debt trails the $3.7 trillion municipal market by the most since 2010.
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Jinzhao Mining Peru SA, a unit of China’s Zibo Hongda Mining Co., plans to build a $1.5 billion iron-ore mine in Peru by 2016, newspaper El Comercio reported, citing country manager Xiaohuan Tang.
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Ecuador’s bid to reduce poverty by taxing its banks is threatening to deepen the nation’s economic slump, as lenders curb credit and ratchet up interest rates after profits plunged to a three-year low.
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Argentina’s Eurnekian family, after becoming billionaires from media and airports, is planning to become the government’s first shale oil and gas partner.
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Ecuador’s anti-monopoly watchdog, seeking to improve mobile-phone coverage, suspended about 2,000 exclusive contracts used by carriers such as America Movil SAB to get prime locations for network towers.
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Wall Street’s biggest banks are turning Peru into the fastest-growing corporate bond market in Latin America as they capitalize on debt investors seeking to profit from the nation’s economic boom.
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– Barrick Gold Corp. founder Peter Munk sees a successor in former Goldman Sachs Group Inc. President John Thornton as the world’s biggest gold miner tries to reverse a 54 percent plunge in market value in the past year.
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For a country that prides itself on a robust private sector, the U.S. lags behind many other nations in using the private sector to finance, build and operate infrastructure. From 1990 to 2006, for example, public-private partnerships financed five times as much transportation infrastructure in the U.K. as in the U.S. -- even though the U.S. economy is more than six times larger than that of the U.K.
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