Archive for October, 2011

Peru to Open 18 Commercial Offices Abroad

Peru’s government authorized on Thursday the creation of 18 commercial offices abroad to promote trade, tourism and investment, the Ministry of Foreign Relations said. In South America, the government will create offices in Bogota, La Paz, Sao Paulo, Santiago and Quito, state news agency Andina reported. In Central America, an […]

SNMPE: Illegal Miners Generate $1 Billion Per Year

SNMPE: Illegal Miners Generate $1 Billion Per Year

Illegal mining in Peru is generating more than $1 billion a year, with about three-quarters of the sum coming from gold production, according to the National Mining, Oil and Energy Society, SNMPE. Illegal miners also produce copper and silver, SNMPE’s ex-president, Jose Miguel Morales, said, according to state news agency Andina.  […]

Peru Authorizes $77.2 Mlln Credit for VRAE Works

Peru’s government authorized Wednesday a supplementary credit of 210 million soles ($77.2 million) to support public investment in the Apurimac and Ene river valley, state news agency Andina reported. The funds will be used by regional and local governments to support projects aimed at improving the social and economic conditions […]

Lerner Ghitis Says Peru to Maintain Clear Rules, Stable Laws for Investors

Lerner Ghitis Says Peru to Maintain Clear Rules, Stable Laws for Investors

Salomon Lerner Ghitis, President Ollanta Humala’s cabinet chief, said Wednesday that Peru will maintain clear rules and a stable legal framework for investors, state news agency Andina reported. “In our country, you’ll find clear rules and you won’t have a statist [government], but rather a government with clean hands,” Lerner […]