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Hydroelectric power, wind energy and other renewable sources can provide most of Peru's power in the future as the country seeks to reduce its dependence on fossil fuels. Renewable energy can account for 60 percent of Peru's energy mix, up from about 50 percent, with natural gas and oil supplying the rest, Energy and Mines Minister Eleodoro Mayorga said yesterday in an e-mailed statement. He did not provide a timetable for the transition. |
Peru kept borrowing costs unchanged after the sol fell to its weakest level since 2009 following slower-than-expected growth and interest rate cuts at two of its previous four meetings.
The six-member central bank board led by President Julio Velarde maintained the overnight rate at 3.5 percent yesterday, as forecast by 15 of 19 economists surveyed by Bloomberg. Four analysts had expected a quarter-point reduction.
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 Glencore is the only remaining bidder looking to buy Doe Run Peru's assets as the auction enters its final stage, Metal Bulletin understands.
Trafigura had been interested in buying the La Oroya polymetallic smelter and the Cobriza copper mine, but has now pulled out of the running, a source close to the sale said. Trafigura and Glencore declined to comment.
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 Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.
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CADE Executives 2014 concludes talks and discussions in the development of social and financial security as the three day event ends today.
The event focused on eight issues for its agenda: corruption, organized crime and public security, decentralization, diversification, education, investment facilitation, infrastructure and judicial system.
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 Peruvian fresh produce exports are poised for huge growth in volumes and sales over the coming years as demand for its widening range of fruit and vegetables continues to climb.
Peru has already witnessed staggering growth in its fruit and vegetable export sales over the past ten years - from US$220m in 2003 to a forecast US$1.8bn in 2014 - and is on course for further expansion as output across practically every product category continues to increase.
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The fifth and final EC145 helicopter ordered as part of a programme to renew the National Police of Peru's (NPN's) helicopter fleet has been handed over by Airbus Helicopters at the Police Aviation Unit facilities in El Callao.
The first four EC145 helicopters delivered under the contract have already accumulated more than 800 flying hours, performing a range of surveillance operations and support for parapublic missions, in addition to sea rescue and MEDEVAC missions in Lima and Callao.
The new fleet will also enable the NPN to better combat illegal mining in the Madre de Dios region on the border with Bolivia and Brazil.
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 State-private sector joint efforts, which have provided good results in productive sectors across the country, pave the path to combat citizen insecurity, said speakers at the 52nd Annual Conference of Executives-CADE 2014.
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As part of a crackdown on the drugs trade in Peru, authorities have publicly destroyed five tonnes of illegal substances.
The cocaine-based drugs and marijuana were weighed and chemically tested for their purity in the capital Lima before being burned in an incinerator.
Peru is considered the world's top producer of cocaine and coca by the United States and United Nations.
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Pope Francis received the President of the Republic of Peru, Ollanta Mois�s Humala Tasso, in private audience Friday. The President then met - in the absence of the Cardinal Secretary of State - Archbishop Dominique Mamberti, secretary for Relations with States.
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Nikkei cuisine is gastronomic natural selection at its finest, a flawless spawn of epicurean intercourse. It breeds two master culinary races, both of which possess an age-old history and flaunt superior native ingredients. Japan and Peru may seem like an unforeseen twosome, but the Japanese community has profoundly contributed to mainstream Peruvian society for decades, bestowing a Japanese twist on Peruvian creole home cooking.
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There are several ways to explore Lake Titicaca islands. The majority of visitors come from Puno, located on the Peruvian side, and by far the largest city by the lake. Tour operators usually arrange a two-island excursion for day trips and all three of the major islands on the Peruvian side for overnight tours. On the Bolivian side, the main port is located in the town of Copacabana and the most accessible island is Isla del Sol. Isla de la Luna is also a popular stop and is often included on the Isla del Sol itinerary. Boat rates are cheap, starting at $6 for a round trip ticket. |
The fifth edition of the National Congress of Scissors Dancers and Peruvian Musicians will take place 14-16 November in the village of Puquio, Ayacucho, where the dance originated several years ago. |
 The Travelling Festival of Indigenous Film is coming to Lima and will feature films, music, and forums from multiple indigenous organizations. Beginning next Monday Nov. 17, the indigenous film festival commences with a film produced by the Interethnic Association for the Development of the Peruvian Rainforest organization (AIDESEP). The event will follow with musical performances and engaging discussions.
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British animal charity Animal Defenders International (ADI) has stripped circuses in Peru of all wild animals after embarking on one of its biggest rescue attempts. In a joint collaboration with the Peruvian Government to enforce the ban on wild animals at circuses (which was passed in 2012), London-based ADI has rescued 30 lions and nine monkeys as part of their Operation Spirit of Freedom mission.
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 The retired game show host of "The Price is Right" has donated $500,000 to help enforce Peru's recent ban on wild animal circuses, in what is just his latest bid to end animal cruelty.
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 As the world's much-loved, well-mannered bear gets set for his big-screen debut in the new film Paddington* this November, the Museum of London is celebrating the small stowaway from Darkest Peru and his London adventures with a new exhibition, special events and activities.
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 A Peruvian judge has ordered held for 18 months for investigation a Lebanese man who entered the country with false documents and who authorities say belongs to the radical Islamist group Hezbollah.
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 A Lebanese man who Peru alleges belongs to Hezbollah and was possibly plotting a bomb attack in Lima denied links to the Shi'ite Islamic group's military arm on Thursday and said police coerced a confession from him.
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