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Latest News in Peru / Archive for Mining/Energy
Mining/Energy | 21 November, 2009 [ 09:19 ]
Suimitomo Metals to acquire mining rights near the southern border of Peru.
LivinginPeru.com
Isabel Guerra
Metal Suimitomo will purchase two mining rights in Peru's South, with the authorization of Peru's Armed Forces General Command, that was issued last July.
The Ministry of Energy and Mines (MEM) authorized Company Sumitomo Metal Mining Peru to purchase two mining rights located within 50 miles of the southern border of Peru, in the region of Tacna.
Sumitomo's request is included in the course of public necessity provisions of the Constitution of Peru, as the interest in establishing the ownership of those areas transcends private interest, significantly impacting on the welfare of the community.
This exemption aims to achieve the development of border areas, thus increasing the standard of living in the surrounding areas.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Metal Suimitomo will purchase two mining rights in Peru's South, with the authorization of Peru's Armed Forces General Command, that was issued last July. The Ministry of Energy and Mines (MEM) authorized Company Sumitomo Metal Mining Peru to purchase two mining rights located within 50 miles of the southern border of Peru, in the region of Tacna.
Sumitomo's request is included in the course of public necessity provisions of the Constitution of Peru, as the interest in establishing the ownership of those areas transcends private interest, significantly impacting on the welfare of the community.
This exemption aims to achieve the development of border areas, thus increasing the standard of living in the surrounding areas.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 13 November, 2009 [ 09:47 ]
Finnish companies to invest in wind power generation in Peru
LivinginPeru.com
Isabel Guerra
Ten Finnish companies may invest in the Peruvian Energy sector during the next 6 months, according to the CEO of Cleantech Finland, Santu Hulkkonen, who is part of a business mission currently in Lima, led by Finland's Environment Minister Paula Lehtomäki.
She said that these companies are interested mainly in building wind power plants, to take advantage of the wind power and produce electricity.
In addition, Lehtomäki minister said that her country will support the development of renewable energy in Peru; she said Finland is planning to allocate six million euros over three years.
Lehtomäki, who attended the Third Congress on Renewable Energy and Biofuels (COBER III), which is being held in Lima, thinks that Peru is likely to have a fast development in the use of renewable energy.
She added that these energies are clean, inexhaustible, nonpolluting and that create five times more jobs than conventional energy sources
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Ten Finnish companies may invest in the Peruvian Energy sector during the next 6 months, according to the CEO of Cleantech Finland, Santu Hulkkonen, who is part of a business mission currently in Lima, led by Finland's Environment Minister Paula Lehtomäki. She said that these companies are interested mainly in building wind power plants, to take advantage of the wind power and produce electricity.
In addition, Lehtomäki minister said that her country will support the development of renewable energy in Peru; she said Finland is planning to allocate six million euros over three years.
Lehtomäki, who attended the Third Congress on Renewable Energy and Biofuels (COBER III), which is being held in Lima, thinks that Peru is likely to have a fast development in the use of renewable energy.
She added that these energies are clean, inexhaustible, nonpolluting and that create five times more jobs than conventional energy sources
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 13 November, 2009 [ 08:37 ]
Yanacocha to keep US$ 25 million annual investment in Peru
Andina
Yanacocha, which operates in the department of Cajamarca, will maintain its annual investment of 20-25 million dollars for exploration activities in Peru, stated Thursday its general manager Carlos Santa Cruz.
"We keep on moving forward exploring in the areas we are already present and our expectation is to have good news soon. We are also exploring in the known deposits,” he stated.
Yanacocha, the biggest Latin America gold mine owned by Newmont Mining, has already produces up to 3.5 million ounces a year.
“We would like to recover the production level we used to have; it's hard to keep exploring fast because of the social problems we are facing,” he said
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Yanacocha, which operates in the department of Cajamarca, will maintain its annual investment of 20-25 million dollars for exploration activities in Peru, stated Thursday its general manager Carlos Santa Cruz. "We keep on moving forward exploring in the areas we are already present and our expectation is to have good news soon. We are also exploring in the known deposits,” he stated.
Yanacocha, the biggest Latin America gold mine owned by Newmont Mining, has already produces up to 3.5 million ounces a year.
“We would like to recover the production level we used to have; it's hard to keep exploring fast because of the social problems we are facing,” he said
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 10 November, 2009 [ 12:52 ]
Ecuador to buy electricity from Peru
LivinginPeru.com
Isabel Guerra
The Government of Ecuador announced it reached a preliminary agreement with Peru, for the purchase of 1,200 megawatts (MW) of electricity per hour every day, to mitigate the effects of the energy crisis in the country, that worsened last Thursday due to drought that affects Ecuadorian Paute hydropower plant, which reportedly has reduced its energy production to only 25% of its capacity.
Ecuador's Electricity and Renewable Energy's Ministry, Esteban Albornoz, said this agreement is yet to be ratified by Peru's Council of Ministers of Peru, which is expected to approve do so on Wednesday. Albornoz traveled to Lima to negotiate this with his Peruvian counterpart, Pedro Sanchez.
The energy transportation would be done through the interconnection between Machala (Ecuador) and Zorritos (Piura). Albornoz said that the purchase of energy to Peru is a measure to help minimize the effects of power rationing that Ecuadorians are currently coping with, especially in the El Oro province (Southern Ecuador).
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The Government of Ecuador announced it reached a preliminary agreement with Peru, for the purchase of 1,200 megawatts (MW) of electricity per hour every day, to mitigate the effects of the energy crisis in the country, that worsened last Thursday due to drought that affects Ecuadorian Paute hydropower plant, which reportedly has reduced its energy production to only 25% of its capacity. Ecuador's Electricity and Renewable Energy's Ministry, Esteban Albornoz, said this agreement is yet to be ratified by Peru's Council of Ministers of Peru, which is expected to approve do so on Wednesday. Albornoz traveled to Lima to negotiate this with his Peruvian counterpart, Pedro Sanchez.
The energy transportation would be done through the interconnection between Machala (Ecuador) and Zorritos (Piura). Albornoz said that the purchase of energy to Peru is a measure to help minimize the effects of power rationing that Ecuadorians are currently coping with, especially in the El Oro province (Southern Ecuador).
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 9 November, 2009 [ 17:45 ]
Mobil Exxon interested in operating in Peru
LivinginPeru.com
Isabel Guerra
According to PeruPetro President, Daniel Saba, the U.S. oil giant Exxon Mobil Corporation has expressed an interest in returning to Peru, in order to perform oil exploration and exploitation, since Peru will launch a tender next year.
US based Mobil Oil had already conducted explorations (when it had not yet been joined with Exxon Mobil) with the Anglo-Dutch Shell in Block 88 in Cusco, where Camisea gas fields were discovered, after signing the respective contract in 1996; but in July 1998, the consortium decided not to continue with phase 2 of the contract.
Mobil and Exxon agreed to fuse in 1998 to create Exxon Mobil, in a process which was completed in 1999.
Saba told the press that he meet two weeks ago in Houston with Exxon Mobil representatives, who wanted to know more details about the upcoming Peruvian tender.
Exxon Mobil is one of the main oil companies worldwide, and its related activities are extended over 40 countries.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
According to PeruPetro President, Daniel Saba, the U.S. oil giant Exxon Mobil Corporation has expressed an interest in returning to Peru, in order to perform oil exploration and exploitation, since Peru will launch a tender next year. US based Mobil Oil had already conducted explorations (when it had not yet been joined with Exxon Mobil) with the Anglo-Dutch Shell in Block 88 in Cusco, where Camisea gas fields were discovered, after signing the respective contract in 1996; but in July 1998, the consortium decided not to continue with phase 2 of the contract.
Mobil and Exxon agreed to fuse in 1998 to create Exxon Mobil, in a process which was completed in 1999.
Saba told the press that he meet two weeks ago in Houston with Exxon Mobil representatives, who wanted to know more details about the upcoming Peruvian tender.
Exxon Mobil is one of the main oil companies worldwide, and its related activities are extended over 40 countries.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 9 November, 2009 [ 13:04 ]
Petrobras Cannot Confirm Peru Gas Find
Transworldnews.com
Brazil's state-run oil company, says it cannot confirm a claim by Peru's president that it has found at least 1 trillion cubic feet of natural gas in Peru, according to Associated Press.
Petrobras says it will analyze its findings after drilling a 13,100-foot (4,000-meter) well in the Peruvian jungle and that it will be a few weeks before it announces either the size or the commercial viability of the field.
Petroleo Brasileiro SA issued its statement on Friday, a day after Peruvian President Alan Garcia said that Petrobras had made an enormous discovery in Cuzco province.
If accurate, Garcia says it would help ensure Peru's gas supply for four decades.
Garcia said that Peruvian oil officials estimate the field holds up to 5 trillion cubic feet of gas.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Brazil's state-run oil company, says it cannot confirm a claim by Peru's president that it has found at least 1 trillion cubic feet of natural gas in Peru, according to Associated Press. Petrobras says it will analyze its findings after drilling a 13,100-foot (4,000-meter) well in the Peruvian jungle and that it will be a few weeks before it announces either the size or the commercial viability of the field.
Petroleo Brasileiro SA issued its statement on Friday, a day after Peruvian President Alan Garcia said that Petrobras had made an enormous discovery in Cuzco province.
If accurate, Garcia says it would help ensure Peru's gas supply for four decades.
Garcia said that Peruvian oil officials estimate the field holds up to 5 trillion cubic feet of gas.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 6 November, 2009 [ 12:57 ]
Peru: More natural gas found in Camisea
LivinginPeru.com
Isabel Guerra
Peruvian President Alan García, announced that another natural gas reserve has been found in the Peruvian jungle, and said that adding this to the existing reserves in three blocks in the Amazon, "Peru will secure natural gas until 2050."
"We can say that a large amount of gas has been found in block 58, in the area of Urubamba, Cusco,” he told the press.
He said that experts have informed they have found at least 58 trillion cubic feet (28,000 million cubic meters).
"We can say we have made a great leap in energy security and the productive capacity of our country until beyond 2050," he said.
He remarked that if these estimates are confirmed, Peru will have secured the gas reserves for the next 40 years for home use, vehicles, mining, petrochemical and even exports.
Camisea, located in the Amazonian basin in Cusco, is the largest gas field in Peru.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Peruvian President Alan García, announced that another natural gas reserve has been found in the Peruvian jungle, and said that adding this to the existing reserves in three blocks in the Amazon, "Peru will secure natural gas until 2050." "We can say that a large amount of gas has been found in block 58, in the area of Urubamba, Cusco,” he told the press.
He said that experts have informed they have found at least 58 trillion cubic feet (28,000 million cubic meters).
"We can say we have made a great leap in energy security and the productive capacity of our country until beyond 2050," he said.
He remarked that if these estimates are confirmed, Peru will have secured the gas reserves for the next 40 years for home use, vehicles, mining, petrochemical and even exports.
Camisea, located in the Amazonian basin in Cusco, is the largest gas field in Peru.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 29 October, 2009 [ 11:50 ]
Southern Peru plans to raise output by 70 percent by 2012
LivinginPeru.com
Isabel Guerra
Southern Copper Corp. could “easily” double its annual output to more than 1 million metric tons, according to Chief Executive Officer Oscar Gonzalez Rocha.
Southern, which expects to produce 500,000 metric tons this year, plans to raise output 70% at its Peruvian mines by 2012, Gonzalez said, adding that “We can easily reach more than 1 million tons of production from mines in Mexico, Peru and the US.”
Southern expects Peru’s government will approve studies for its $934 million Tinga Maria copper mine before the end of the year, allowing construction to begin in the first quarter of 2010.
Southern also plans to add 100,000 metric tons of annual production at its Toquepala mine by 2012, as part of $2.1 billion of investments in Peru.
(Condensed from Bloomberg)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Southern Copper Corp. could “easily” double its annual output to more than 1 million metric tons, according to Chief Executive Officer Oscar Gonzalez Rocha. Southern, which expects to produce 500,000 metric tons this year, plans to raise output 70% at its Peruvian mines by 2012, Gonzalez said, adding that “We can easily reach more than 1 million tons of production from mines in Mexico, Peru and the US.”
Southern expects Peru’s government will approve studies for its $934 million Tinga Maria copper mine before the end of the year, allowing construction to begin in the first quarter of 2010.
Southern also plans to add 100,000 metric tons of annual production at its Toquepala mine by 2012, as part of $2.1 billion of investments in Peru.
(Condensed from Bloomberg)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 27 October, 2009 [ 11:53 ]
Peru's President promises: "South Andean Gas Pipeline will be ready before I leave office."
LivinginPeru.com
Isabel Guerra
President of Peru Alan Garcia paid a visit to Sambor Huaypo's irrigation project at Anta, Cusco, and assured publicly that the South Andean Gas Pipeline will be concluded before his mandate expires, in 2011.
"Before I leave office, the great South Andean gas pipeline will bring gas to Cusco, Arequipa, Puno, Tacna and Moquegua, because I honor my promises," said the President.
On the other side, Garcia pointed out that Sambor Huaypo works wil benefite 25,000 people in rural zones and a total of S/32 million soles (approx. US $10.5 million dollars) are being invested there.
Cusco Regional President, Hugo Gonzales Sayan who went with Garcia in his visit to the works, informed: "So far, the project has made progress up to 80%."
Finally, President Garcia announced a project that will allow the construction of 100 dams and 30 big reservoirs for all over Peru, starting in December.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
President of Peru Alan Garcia paid a visit to Sambor Huaypo's irrigation project at Anta, Cusco, and assured publicly that the South Andean Gas Pipeline will be concluded before his mandate expires, in 2011. "Before I leave office, the great South Andean gas pipeline will bring gas to Cusco, Arequipa, Puno, Tacna and Moquegua, because I honor my promises," said the President.
On the other side, Garcia pointed out that Sambor Huaypo works wil benefite 25,000 people in rural zones and a total of S/32 million soles (approx. US $10.5 million dollars) are being invested there.
Cusco Regional President, Hugo Gonzales Sayan who went with Garcia in his visit to the works, informed: "So far, the project has made progress up to 80%."
Finally, President Garcia announced a project that will allow the construction of 100 dams and 30 big reservoirs for all over Peru, starting in December.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Mining/Energy | 27 October, 2009 [ 07:50 ]
Peru: Huanza hydroelectric plant to be built by Astaldi and Graña y Montero
LivinginPeru.com
Isabel Guerra
Astaldi, Italy's second-largest builder, has been awarded a contract with a value of US$ 116 million (Astaldi with a 60% share), for the construction of Huanza hydroelectric power plant, in Peru, which will reportedly have an output capacity of 90MW.
The includes the execution of civil works, a dam of a volume of 30,000 cubic meters, a 10km tunnel, an hydroelectric power plant and a switch yard.
The works are expected to be completed in 29 months.
The Employer is Minera Buenaventura, one the major mining companies in Peru.
The project will be performed by the joint venture comprising Astaldi (with a 60% share) and Graña y Montero (with a 40% share).
(Condensed from Construction and Maintenance)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Astaldi, Italy's second-largest builder, has been awarded a contract with a value of US$ 116 million (Astaldi with a 60% share), for the construction of Huanza hydroelectric power plant, in Peru, which will reportedly have an output capacity of 90MW. The includes the execution of civil works, a dam of a volume of 30,000 cubic meters, a 10km tunnel, an hydroelectric power plant and a switch yard.
The works are expected to be completed in 29 months.
The Employer is Minera Buenaventura, one the major mining companies in Peru.
The project will be performed by the joint venture comprising Astaldi (with a 60% share) and Graña y Montero (with a 40% share).
(Condensed from Construction and Maintenance)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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