Huancapetí mining company fined $767,000 for contaminating Santa River

The Huancapetí mining company, a small metals producer in the Cordillera Negra in Ancash, has been fined $767,000 for dumping large quantities of mine tailings into the Santa River, a 200 kilometer−long tributary that emerges from Laguna Conococha and snakes down the western slopes of the Andes, reported daily El Comercio on Monday. “This is [...]

IFC approves multi-million loan for Peru LNG

The World Bank’s International Finance Corporation, IFC, approved a $300 million loan on Tuesday for Peru LNG, the second phase of the Camisea natural gas export project requiring a total investment of $3.8 billion, the largest foreign direct investment in Peru’s history. The project has already received funding from the U.S. Export – Import Bank, [...]