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Latest News in Peru / Archive for Mining/Energy
Mining/Energy | 11 March, 2010 [ 15:17 ]
tags : Peru France economy oil business pipeline
France's Perenco will invest US$ 359 million in Peru pipeline
LivinginPeru.com
Isabel Guerra
French oil company Perenco will invest US $359 million in a 207 km pipeline, that will start at Block 67 and end at Andoas Station, where the crude will be transferred to state oil company Petroperu.
Located in the Marañón river basin, Block 67 includes oil fields Paiche, Dorado and Piraña which hold reserves of more than 300 million barrels altogether.
The construction of the pipeline is scheduled to start next year.
Perenco expects to invest more than US $2 billion in the exploration and exploitation of crude in Block 67.
In Peru, Perenco also holds a stake in block 121.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
French oil company Perenco will invest US $359 million in a 207 km pipeline, that will start at Block 67 and end at Andoas Station, where the crude will be transferred to state oil company Petroperu. Located in the Marañón river basin, Block 67 includes oil fields Paiche, Dorado and Piraña which hold reserves of more than 300 million barrels altogether.
The construction of the pipeline is scheduled to start next year.
Perenco expects to invest more than US $2 billion in the exploration and exploitation of crude in Block 67.
In Peru, Perenco also holds a stake in block 121.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
tags : Peru France economy oil business pipeline
Mining/Energy | 9 March, 2010 [ 09:37 ]
tags : Peru silver gold Prospectors & Developers Association of Canada
Peru retains spot as number one silver producer worldwide, says Mining Ministry
LivinginPeru.com
Isabel Guerra
Peru continues as the first producer of silver in the world, and now it has found out that its reserves of this metal surpass 2,040 million fine ounces, reported the Energy and Mines Ministry.
These reserves will be announced during a presentation to be held tomorrow by Peru’s Minister of Energy and Mines, Pedro Sanchez, at the Prospectors & Developers Association of Canada, an annual convention being held in Toronto, Canada.
Currently, Peru remains as the second copper producer in the world and in Latin America. Current reserves have been estimated in 75,021,000 metric tons, but those figures are increasing.
Last year's copper production reached 1,000,275 metric tons.
Peru is the first Latin American producer of gold, and the 6th worldwide.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
Peru continues as the first producer of silver in the world, and now it has found out that its reserves of this metal surpass 2,040 million fine ounces, reported the Energy and Mines Ministry. These reserves will be announced during a presentation to be held tomorrow by Peru’s Minister of Energy and Mines, Pedro Sanchez, at the Prospectors & Developers Association of Canada, an annual convention being held in Toronto, Canada.
Currently, Peru remains as the second copper producer in the world and in Latin America. Current reserves have been estimated in 75,021,000 metric tons, but those figures are increasing.
Last year's copper production reached 1,000,275 metric tons.
Peru is the first Latin American producer of gold, and the 6th worldwide.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
tags : Peru silver gold Prospectors & Developers Association of Canada
Mining/Energy | 8 March, 2010 [ 13:34 ]
tags : Peru economy mining business
Peru is the third main recipient of foreign mining investments, says Minister Martin Perez
LivinginPeru.com
Isabel Guerra
Peru is currently the third main recipient of foreign investments in mining, said today Foreign Trade and Tourism Minister, Martín Pérez, reports RadioProgramas del Peru.
Perez, who is currently in Toronto attending an annual convention of the Prospectors and Developers Association of Canada (PDAC), which is “an convention on investments,” because this is an event where “investors decide how much money they will invest in Peru, and in which mining projects are going to be developed in the next years.”
This meeting is the most important among Latin American countries, and reunites companies related to mining exploration and activities worldwide.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
Peru is currently the third main recipient of foreign investments in mining, said today Foreign Trade and Tourism Minister, Martín Pérez, reports RadioProgramas del Peru. Perez, who is currently in Toronto attending an annual convention of the Prospectors and Developers Association of Canada (PDAC), which is “an convention on investments,” because this is an event where “investors decide how much money they will invest in Peru, and in which mining projects are going to be developed in the next years.”
This meeting is the most important among Latin American countries, and reunites companies related to mining exploration and activities worldwide.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
tags : Peru economy mining business
Mining/Energy | 5 March, 2010 [ 10:51 ]
tags : Peru economy mining business Trevali
Peru: Trevali hits high-grade mineralization at Magistral Central and South
Trevaliresources.com
Trevali Resources Corp. announces the intersection of significant high-grade mineralization in both the Magistral Central and South deposits on the Santander silver-lead-zinc mine project in west-central Peru.
These hanging wall drill intercepts rank as some of the highest-grade intersections ever encountered on the project.
Intercepts are located in areas previously expected to contain low-grade mineralization and/or situated outside of the currently defined resource envelopes.
This will have a positive impact on future resource estimation.
Multiple zones of significant silver-lead-zinc mineralization has also been intersected in the footwall to the Magistral North deposit (including 1.35 metres at 12.3 oz (421.9 g/t) silver, 10.49% lead, 10.67% zinc and 0.29% copper).
Additional footwall mineralization has also been intersected in the Magistral Central deposit — 6.75 metres at 2.9 oz (98.8 g/t) silver, 4.6% lead, 3.94% zinc and 0.1% copper — opening up the deposit to the East.
"Since the inception of exploration in late 2007 we have defined three deposits plus a fourth mineralized body and everything remains open. We are only now starting to focus on our large land holding and several other zones of out-cropping mineralization remain to be drill-tested," states Mark Cruise, Trevali's President and CEO.
"Through this very successful exploration program we are also very fortunate to have Glencore International, a major integrated zinc miner and global commodity trader, as a partner to fast-track the project's engineering and mining aspects as we advance Santander to production," he added.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Trevali Resources Corp. announces the intersection of significant high-grade mineralization in both the Magistral Central and South deposits on the Santander silver-lead-zinc mine project in west-central Peru. These hanging wall drill intercepts rank as some of the highest-grade intersections ever encountered on the project.
Intercepts are located in areas previously expected to contain low-grade mineralization and/or situated outside of the currently defined resource envelopes.
This will have a positive impact on future resource estimation.
Multiple zones of significant silver-lead-zinc mineralization has also been intersected in the footwall to the Magistral North deposit (including 1.35 metres at 12.3 oz (421.9 g/t) silver, 10.49% lead, 10.67% zinc and 0.29% copper).
Additional footwall mineralization has also been intersected in the Magistral Central deposit — 6.75 metres at 2.9 oz (98.8 g/t) silver, 4.6% lead, 3.94% zinc and 0.1% copper — opening up the deposit to the East.
"Since the inception of exploration in late 2007 we have defined three deposits plus a fourth mineralized body and everything remains open. We are only now starting to focus on our large land holding and several other zones of out-cropping mineralization remain to be drill-tested," states Mark Cruise, Trevali's President and CEO.
"Through this very successful exploration program we are also very fortunate to have Glencore International, a major integrated zinc miner and global commodity trader, as a partner to fast-track the project's engineering and mining aspects as we advance Santander to production," he added.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
tags : Peru economy mining business Trevali
Mining/Energy | 24 February, 2010 [ 12:20 ]
Peru: ProInversion to approve draft concession contract for Majes-Siguas II
LivinginPeru.com
Isabel Guerra
ProInversión will approve tomorrow the final version of the draft concession contract of the hydro-electrical project Majes - Siguas II, according to Semana Economica.
According to Project Director, Juan Suito, the approval was scheduled for last week, but it did not happen because the regional government of Arequipa did not comply, for reasons of major force, with sending the corresponding permits.
"The Executive is working quickly to meet all the requirements and demands of the licensor, in this case the regional government of Arequipa, and leave everything ready for the culmination of the process," he said.
The project considers using waters from the Andean rivers Apurimac and Colca to irrigate Majes and Siguas.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
ProInversión will approve tomorrow the final version of the draft concession contract of the hydro-electrical project Majes - Siguas II, according to Semana Economica.According to Project Director, Juan Suito, the approval was scheduled for last week, but it did not happen because the regional government of Arequipa did not comply, for reasons of major force, with sending the corresponding permits.
"The Executive is working quickly to meet all the requirements and demands of the licensor, in this case the regional government of Arequipa, and leave everything ready for the culmination of the process," he said.
The project considers using waters from the Andean rivers Apurimac and Colca to irrigate Majes and Siguas.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Mining/Energy | 19 February, 2010 [ 09:57 ]
By Brennan Potts
Peru has signed an electricity line contract with Colombia’s state-owned Interconexion Electrica (ISA.BO) the Wall Street Journal is reporting. The supply contract is for a 350-kilometer electricity transmission line that will cost $250 million stretching from Lima along the coast to Trujillo. The line will be built and operated by Transmantaro. The deal was signed late Thursday by the Mining and Energy Minster Pedro Sanchez.
A member of the Andean Community, Peru is also working towards creating a common electricity market with Ecuador, Chile and Bolivia. A large majority of the country’s power is generated by hydroelectric facilities but there is recent push toward gas-fired power plants with hydrocarbon discoveries like the Camisea field.
Just days before, it was announced Peru will sign contracts with private companies next month for renewable energy initiatives that will impact the electricity supply for years to come. Statements from the government show the ground breaking initiative will be headed by both foreign and domestic companies.
Last year, the government began soliciting bids for the country’s first ever clean power program. The Garcia administration is continuing on its path for private investment in Peru with American energy giant Duke Energy (DUK) and Spanish firms T-Solar and Solarpak leading the way on the projects.
Specifics of the deals include contracts that represent up to 412 megawatts of renewable energy supply. The power will come from a combination of hydro, wind, solar, and biomass sources. The deals are to be signed by the end of March for 2012 operation and could account for 9% of current demand in certain regions.
Contributing writer Brennan Potts works in capital markets and is based in Texas. Reach him at brennan_potts@yahoo.com.
Peru signs new electricity deal with Colombia
By Brennan Potts
Peru has signed an electricity line contract with Colombia’s state-owned Interconexion Electrica (ISA.BO) the Wall Street Journal is reporting. The supply contract is for a 350-kilometer electricity transmission line that will cost $250 million stretching from Lima along the coast to Trujillo. The line will be built and operated by Transmantaro. The deal was signed late Thursday by the Mining and Energy Minster Pedro Sanchez.
A member of the Andean Community, Peru is also working towards creating a common electricity market with Ecuador, Chile and Bolivia. A large majority of the country’s power is generated by hydroelectric facilities but there is recent push toward gas-fired power plants with hydrocarbon discoveries like the Camisea field.
Just days before, it was announced Peru will sign contracts with private companies next month for renewable energy initiatives that will impact the electricity supply for years to come. Statements from the government show the ground breaking initiative will be headed by both foreign and domestic companies.
Last year, the government began soliciting bids for the country’s first ever clean power program. The Garcia administration is continuing on its path for private investment in Peru with American energy giant Duke Energy (DUK) and Spanish firms T-Solar and Solarpak leading the way on the projects.
Specifics of the deals include contracts that represent up to 412 megawatts of renewable energy supply. The power will come from a combination of hydro, wind, solar, and biomass sources. The deals are to be signed by the end of March for 2012 operation and could account for 9% of current demand in certain regions.
Contributing writer Brennan Potts works in capital markets and is based in Texas. Reach him at brennan_potts@yahoo.com.
Mining/Energy | 9 February, 2010 [ 16:17 ]
Peru is the second copper producer in the world
LivinginPeru.com
Isabel Guerra
Peru registered a copper production of 1.27 million metric tons during 2009, becoming the second world producer of this mineral, according to the National Society of Mining, Oil and Energy, (SNMPE) Hans Flury.
With this results, Peru advanced one position in the world ranking, displacing the US, which registered 1.19 million of tons last year, representing a hard fall over the 1.3 million of 2008.
“We are now the second copper producer in the world and we expect to maintain this level,” said Flury during his participation at the SNMPE’s I Mining-Energy Dialogue 2009.
Peru is also the second world producer of zinc, the fourth producer of lead, the third producer of tin, the first producer of silver and the sixth producer or gold.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
Peru registered a copper production of 1.27 million metric tons during 2009, becoming the second world producer of this mineral, according to the National Society of Mining, Oil and Energy, (SNMPE) Hans Flury. With this results, Peru advanced one position in the world ranking, displacing the US, which registered 1.19 million of tons last year, representing a hard fall over the 1.3 million of 2008.
“We are now the second copper producer in the world and we expect to maintain this level,” said Flury during his participation at the SNMPE’s I Mining-Energy Dialogue 2009.
Peru is also the second world producer of zinc, the fourth producer of lead, the third producer of tin, the first producer of silver and the sixth producer or gold.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Mining/Energy | 3 February, 2010 [ 12:30 ]
Peru: Brasil's OAS may start Inambari Dam's construction this year
LivinginPeru.com
Isabel Guerra
If Peru's government issues its approval this year, Brasil's OAS would start the construction of Inambari Hydroelectric Central towards the end of 2010, according to Valfredo Ribeiro, General Manager for OAS in Peru.
The project is currently under the condition of “temporal concession,” but the paperwork necesary to move to a permanent status “is already on the way,” said Cesar Uzeda, OAS International Director, after a meeting with President Alan Garcia.
However, there is currently a strong opposition from local residents who will be affected by this project, and and the studies of environmental impact are yet to be completed.
“The Study of Environmental Impact is not finished yet because there are still some pending meetings with local communities. This a very big project, and there is some very good reception and disposition in some areas; but there are also some areas where the reactions are not so favorable,” said Uzeda.
Inambari Hydroelectric Central will have a potency between 2,200Mw and y 2,500 Mw, and will be located 300km away from the borders of Puno, Cusco and Madre de Dios.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
If Peru's government issues its approval this year, Brasil's OAS would start the construction of Inambari Hydroelectric Central towards the end of 2010, according to Valfredo Ribeiro, General Manager for OAS in Peru. The project is currently under the condition of “temporal concession,” but the paperwork necesary to move to a permanent status “is already on the way,” said Cesar Uzeda, OAS International Director, after a meeting with President Alan Garcia.
However, there is currently a strong opposition from local residents who will be affected by this project, and and the studies of environmental impact are yet to be completed.
“The Study of Environmental Impact is not finished yet because there are still some pending meetings with local communities. This a very big project, and there is some very good reception and disposition in some areas; but there are also some areas where the reactions are not so favorable,” said Uzeda.
Inambari Hydroelectric Central will have a potency between 2,200Mw and y 2,500 Mw, and will be located 300km away from the borders of Puno, Cusco and Madre de Dios.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Mining/Energy | 3 February, 2010 [ 07:04 ]
DJ Cerro Verde starts expansion at Southern Peru Copper Mine
Andina
Sociedad Minera Cerro Verde has started the planned expansion of its copper mine in southern Peru.
The project, which is to cost about $50 million, will boost daily output at the mine to 120,000 metric tons of copper from 108,000 tons, said Eric Kinneberg of Freeport-McMoRan Copper & Gold in an email on Tuesday.
Cerro Verde's copper-mining operation is majority-owned by Freeport McMoRan, which has an almost 54% stake.
Other stake-holders are Compania de Minas Buenaventura, with just over 18%, and a subsidiary of Sumitomo Corp.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Sociedad Minera Cerro Verde has started the planned expansion of its copper mine in southern Peru. The project, which is to cost about $50 million, will boost daily output at the mine to 120,000 metric tons of copper from 108,000 tons, said Eric Kinneberg of Freeport-McMoRan Copper & Gold in an email on Tuesday.
Cerro Verde's copper-mining operation is majority-owned by Freeport McMoRan, which has an almost 54% stake.
Other stake-holders are Compania de Minas Buenaventura, with just over 18%, and a subsidiary of Sumitomo Corp.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Mining/Energy | 25 January, 2010 [ 02:44 ]
Peru: Sandia Hydro to do feasibility studies in Puno
LivinginPeru.com
Isabel Guerra
Peru's Ministry of Energy and Mines granted a temporary concession for Sandia Hydro to develop feasibility studies for electricity generation in the future centrals of Sandia INA30 and INA40 (located in Puno region) with an estimated installed capacity of 315 Mw.
These studies are to be carried out within 24 months in the districts of Alto Inambari and Sandia, Sandia Province, Department of Puno, according to Andina News Agency.
The concessionaire is obliged to carry out the studies respecting technical standards and safety, preserving the environment and preserving the regional cultural heritage, and under the regulations of the Electricity Concessions Law.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
Isabel Guerra
Peru's Ministry of Energy and Mines granted a temporary concession for Sandia Hydro to develop feasibility studies for electricity generation in the future centrals of Sandia INA30 and INA40 (located in Puno region) with an estimated installed capacity of 315 Mw. These studies are to be carried out within 24 months in the districts of Alto Inambari and Sandia, Sandia Province, Department of Puno, according to Andina News Agency.
The concessionaire is obliged to carry out the studies respecting technical standards and safety, preserving the environment and preserving the regional cultural heritage, and under the regulations of the Electricity Concessions Law.
Have news you'd like to see in LivinginPeru.com? Contribute an article, whether it's translated or based on your own reporting. Contact editor@livinginperu.com.
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Last comments
- In Peru: Nasca tour companies declare strike over proposed plane regulations
Nasca math says :
18 March, 2010 12:08:56
1st Point: All tourist that go to Nasca, go there to fly.2nd from this news item lets do ... - In Peru: Nasca tour companies declare strike over proposed plane regulations
Riverice says :
17 March, 2010 21:14:28
If they don't want to fly, many companies are probably ready to earn some tourist money... - In Peru: Nasca tour companies declare strike over proposed plane regulations
Martin says :
17 March, 2010 18:43:48
jb - you are right on target. The tour operators prefer to keep killing people in the name of free e ... - In Peru: Nasca tour companies declare strike over proposed plane regulations
jb says :
17 March, 2010 14:23:00
The headlines should have read: "Nasca tour companies declare strike over proposed plane regula ... - In Restaurant in Lima, Peru, creates dishes made with flowers
cat says :
17 March, 2010 07:01:53
good. I hope most of the restaurants will have that sense of serving food
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