The English bank is planning to sell large parts of its metals, agricultural and energy business.
The South American nation lost the title to China in 2012.
World's top gold producers tried and failed again to tie-up.
These six equities are priced below their intrinsic value
The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.
Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.
Operational update shows record production achieved for four commodities and at 10 operations.
After steady recovery from near four-year lows, copper price sinks below $3 a pound again over China and supply growth worries.
A recent tour of the Globe-Miami copper mining district between Phoenix and Tucson, Arizona provided four natural resource writers with an appreciation of the massive scale of mining operations in the region.
But production at massive Mongolian mine slips and shares take a beating.
But copper production shoots up 17% in first quarter.
The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.
Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.
US copper mine production grew 5% to 1.23 million tonnes in 2013 according to the latest US Geological Survey, but silver and gold recovered slid.
The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.
China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.
The criminal activity involved contractors and it had been going on since 2011.
The recommendation comes from Proxy advisory service Institutional Shareholder Services, the same firm that last year called shareholders to vote against the Barrick's approach to compensation.
The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.
A PwC survey shows that only 4% of the 700 companies polled across 15 industries said they have completed a draft of their SEC conflict minerals filings.
They believe those funds should be allocated to the regions where mining operations are based.
The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.
The world’s No.1 copper producer said the recently found deposits are all located nearby current operations.
Depending on how you look at it, the copper business will either be a great place or a scary place to be in the coming years.
Only last year Chinese overseas investment totalled $61.6 billion by the end of September.
Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.
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