METALS

Copper mine for Copiapó

Japanese companies Nippon Mining and Mitsui are to build their first Chilean copper mine near Copiapó in Region III in a $1.7bn joint venture. The Minera Caserones copper mine, which will supply three of the firms’ refineries in Asia with fine copper and molybdenum, should produce nearly 150,000 tonnes of fine copper and 3000 tonnes of molybdenum a year. It is expected to be productive for 26 years, with a copper cash cost of less than $1 per pound, and should be operational by 2012.

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RENEWABLE ENERGY

Acciona Energy Wind Parks

Spain’s Acciona Energy has announced completion of two wind parks, which will provide a total capacity of 223.5 megawatts (MW) in the US before the end of 2008. They will produce clean energy equivalent to the power consumption of about 65,000 US homes. One of the projects is the 100.5MW EcoGrove-I facility in Illinois, located in Stephenson County. The $210m wind park will include 67 AW-1500 wind turbines.

SEMICONDUCTORS

Chip-making facility for NYC

Emirati firm Advanced Technology Investment Company of Abu Dhabi and AMD have announced the creation of a US-headquartered semiconductor manufacturing company, temporarily called The Foundry Company. The company will construct a chip-making facility in Saratoga County, New York, in mid-2009, directly employing more than 1400 workers when it is in full operation. Although not confirmed, the investment is likely to be of about $2.5bn.

TRANSPORTATION

Peru Pipeline contract

US private equity investment firm Conduit Capital Partners has announced its subsidiary Kuntur Transportadora de Gas, SAC has been awarded a 30-year concession contract by the government of Peru to build a 1100-kilometre pipeline. This will carry natural gas from the Camisea gas fields to the port of Ilo in southern Peru. Development and construction costs for the pipeline, known as the Gasoducto Andino del Sur, are estimated to be about $1.4bn. Conduit Capital Partners focuses on infrastructure investment and development in Latin America and the Caribbean.

This investment news and data has been provided by fDi Markets, a crossborder investment tracking service that is part of Financial Times Ltd’s fDi Intelligence division www.fdiintelligence.com

STATS:

AMERICAS FDI, 2008 (NUMBER OF JOBS)

Source: fDi Intelligence