Archive for September, 2013

Peru Authorities Reviewing Damage Caused by 7.0 Quake

Peru Authorities Reviewing Damage Caused by 7.0 Quake

Peru’s Premier Juan Jimenez and several cabinet ministers travelled to Arequipa early today, to review damages in the southern region following a magnitude 7.0 earthquake on Wednesday. Early reports were of rockslides on the Panamerican Highway, and several schools, health centers and homes damaged in the province of Caraveli and […]

UN: Peru Now World’s Top Coca Producer, Despite Output Decline

UN: Peru Now World’s Top Coca Producer, Despite Output Decline

Peru has officially become the world’s top producer of coca, the raw material used to make cocaine, the United Nations said Tuesday. The confirmation that Peru has overtaken Colombia as the world’s biggest producer of coca was expected. Peru’s output has been increasing steadily over the past decade, while Colombia’s […]

At the UN, Humala Says Peru Continues to Attract Investments

At the UN, Humala Says Peru Continues to Attract Investments

President Ollanta Humala was in New York Monday, where he told the United Nations General Assembly that Peru continues to attract private-sector investment even though the country’s economic activity has been slowing down. The President also reported on Peru’s success in achieving several of the 2015 Millenium Development Goals set […]

Southern Copper, Anglo American Consider Developing Quellaveco Together

Mining companies Southern Copper Corp. and Anglo American are considering joining together to develop the Quellaveco copper project in southern Peru, according to a report in newspaper Gestion. The $3.0 billion project is currently 82 percent owned by Anglo American, which has struggled to develop the deposit. For several years, […]