Peru's Central Bank is preparing measures to stem the number of bank loans in dollars, as a weakening sol currency could threaten borrowers who owe money in greenbacks, daily Peru.21 reported.

Central Bank president Julio Velarde said the measures will be announced before the end of this year.

Around 50 percent of Peru's total loans are in US dollars. Many people and companies borrowed in US dollars over the past decade as the sol steadily appreciated against the dollar.

Peru approved the environmental study for Southern Copper's $1.2 billion expansion of its Toquepala mine, a project expected to raise copper output by 100,000 tonnes per year, the government said on Thursday.

Minera Gold has completed a share placement and secured convertible loans to raise about $1,075,000 to advance its San Santiago copper assets in Peru and increase gold production.
Proceeds will be used to increase owner operator mining at the copper operations and increase third party ore and concentrate purchases for both the copper and gold circuits.
 

The Peruvian government has enacted a country-wide ban that prohibits fishing of prawns and river shrimp on Tuesday, according to ProExpansion.

The fish are being recognized as some of the most sensitve marine resources the country has.

For that, preservation efforts in the form of a fishing ban on prawns that lasts until Feb. 15 2015, will work to curb the trend.

U.S. Customs have turned down shipments of Peruvian quinoa due to contamination by residues of insecticides, reported El Comercio today.

The month of November was an unfortunate one for the Peruvian quinoa market. Approximately 1% of exports were recorded to have been contaminated, or more than 200 tons out of nearly 20,000 tons according to the CEO of the Exports of Organic Agriculture, C�sar Zorrilla.

The head of the Ministry of the Environment announced the successful efforts to grant fourteen awards from the organization, �rea de Conservaci�n Privada (ACP) or Private Area Conservation to multiple Peruvian communities.
 

A multisectoral committee will define the amount of greenhouse gas Peru will have to stop emitting due to commitments assumed by the international community at COP20.
 

The 20th session of the Conference of the Parties (COP20), included the topic "health" for the first time in the conference history, affirmed today Peru's Environment minister, Manuel Pulgar-Vidal.
 

Telefonica del Peru and Ericsson have joined forces to implement a project intended to provide internet access via 4G/LTE to schools and healthcare centers in the Peruvian Amazon next year.
 

Peruvian officials have announced that they destroyed 31,205 hectares (about 77,000 acres) of coca crops this year, the highest since the government eradication program began in 1983.

Interior Minister Daniel Urresti said Thursday that the eradication of the crops prevented the production of at least 240 metric tons of cocaine valued at $5 billion in the United States.

Five Royal New Zealand Navy Seasprite helicopters have been sold to Peru, Defense Minister Gerry Brownlee announced today.

"Our recent purchase of eight new, more sophisticated Seasprite helicopters meant the older model Seasprites were available for sale and a deal has been struck with the Peruvian Government for them to buy them for their Navy," Mr Brownlee says.

As well as the helicopters, Peru is buying spares and the Maverick missiles which are used with the helicopters.

Novels about the immigrant experience abound, but Peruvian novelist Daniel Alarc�n offers an unusual spin on the genre: a tale about those left behind, in this case in an unidentified South American country that closely resembles the author's native Peru. The protagonist, an aspiring actor, never fully recovers from his older brother's emigration to California, which he interprets not as an act of adventurous entrepreneurship but rather as a cruel abandonment. Alarc�n captures the milieu in Peru at the turn of the millennium, when the country was still reeling in the aftermath of a virulent civil war: disoriented lower-middle classes, frustrated artists, overcrowded prisons, a ubiquitous drug trade, and a new culture of commercialism