Pacific Resources Inc. reports that the Government of Peru's Agency for the Promotion of Private Investment has awarded the Magistral Project to Compania Minera Milpo S.A.A., a large private Brazilian company. MILPO will have an option to develop and exploit the mining concessions comprising the core of the Magistral Project and is planning to invest over US$ 400 million. MILPO, was the only bidder in the process and
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