Sharp increase in foreign direct investment in the country's metallic mining industry reflects improvement in gold and silver prices last year.
Shougang's Peruvian iron ore unit tapped into surging metals prices in the fourth quarter and a favorable exchange rate to almost double its profits last year.
The latest news from junior mining companies operating in Latin America and the Caribbean.
Lenin Moreno, the protégé of leftist President Rafael Correa, seeks to avoid a run-off.
First Quantum Minerals president Clive Newall says the US$5.48bn copper-gold project will enter production at an opportune time in the copper market, with strong fundamentals underpinning rising prices.