Why Does a Peruvian Copper Mine Belong to China?

What could be the biggest copper mine on the planet will displace local residents in a Peruvian town. Some residents of the impoverished Toromocho region are happy to take the few thousand dollars and relocation that the Chinese mining company is offering. But the real deal isn't for the people or even for the entire country of Peru, whose government ok'ed the project but for Chinalco.

The Peruvian government is happy with the $3bn (£1.53bn) that Chinalco will invest in the Toromocho mines.
The Chinese will be even happier. They have got themselves a bargain.
The copper Chinalco extracts from Toromocho will cost something like US$410 (£210) per ton. Today, the price for copper on the London Metal Exchange was $8,255 (£4,220) - 20 times more.
Chinalco stands to make a 2,000% profit on its investment.

Source : BBC
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