Archive for January, 2009

Volcan Mining Company postpones Cerro de Pasco relocation and slows operations ahead of plummeting prices for zinc and silver

Peruvian-owned Volcan Mining Co. has considerably slowed its mining operations ahead of plummeting prices for zinc, lead and silver on the international market, and postponed the partial relocation of Cerro de Pasco, a highly polluted highland town which sits on the edge of the gaping open-pit mine. Though Volcan has […]

by · January 5, 2009 · 0 comments · Video

Uproar over President Garcia signing off on pay hikes for Cabinet ministers

With the world economic crisis lapping at Peru’s doorstep, Peru President Alan Garcia caused an uproar by signing Emergency Decree N° 001-2009 late Sunday night, authorizing the Finance Ministry to increase ministers’ salaries by 46 percent to earn as much as members of Congress. “It was (Garcia’s) initiative,” said Environment […]

by · January 5, 2009 · 0 comments · Feature, Lima, Politics

Foreign Affairs Minister: Peru President Alan Garcia to travel to Japan to attract foreign investment

President Alan Garcia’s upcoming trip to Japan will improve political, commercial and economic relations between Peru and Japan, and attract more foreign investment to the Andean country, said Foreign Affairs Minister José Antonio Belaunde. Garcia’s trip, which is scheduled for February, is crucial, said Belaunde in comments Sunday to state […]

by · January 5, 2009 · 0 comments · Business, Commerce, Politics