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Bolivia May Invest in $400 Million Peru Iron Ore Port

Bolivia may invest as much as $400 million in Peru’s Ilo port to allow Jindal Steel & Power Ltd. to export iron ore from the land-locked nation’s El Mutun mine, said Frank Boyle, president of Peru’s National Port Authority.

The Peruvian government invited Bolivia to discuss jointly investing in an upgrade of Peru’s southernmost port, Boyle said in an interview in Lima. Bolivia wants to use Ilo to export iron ore and other minerals to Asia and also import goods that are currently brought via road from Chile, he said.