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Mining investment

Somincor mining company is to invest a total of €130 million in the Neves-Corvo mine in Castro Verde, Alentejo, until the end of 2013.

The investment, supported by the government, will allow for the production capacity of the mine and the extraction of copper and zinc to increase.

Minister for the Economy Álvaro Santos Pereira said the extractive sector represented €1 billion in Portugal in 2011.