MARCH

Peru has a mining portfolio worth about US$ 64 billion

Peru has a mining project portfolio close to US$ 64 billion, and related to copper, gold and silver, affirmed Minster of Energy and Minis, Rosa Maria Ortiz.
The Minister highlighted the Peruvian growth perspective in exploration and mining production is "relevant," especially in copper, since the projections to 2016 put Peru in the second position concerning "copper's world production."

More:

Click & Download here the Peru's Mining and Metals Investment Guide 2015 - 2016

Economy & Trade

Dollarization of credit in Peru dropped from 70% to 38.5% in 10 years

Dollarization ratio of credit in Peru fell from 70% to 38.5% in the last 10 years amid economic agents' preference for domestic currency, informed the Central Reserve Bank of Peru (BCR).

"In January 2015, credit to the private sector showed a dollarization ratio of 38.5 percent, while liquidity showed a dollarization ratio of 33.5 percent," stated the issuing entity.

Mining and Energy

Peru's Buenaventura sees speedy permitting for Tambomayo

Peru's largest locally owned precious metals producer, Buenaventura, expects to secure a construction permit for its US$200mn Tambomayo gold-silver project faster than previously expected, as the government eases bureaucratic obstacles, CEO Roque Benavides said.

Ministry of Energy and Mines delivers more than half a million LPG kitchens nationwide

The Ministry of Energy and Mines (MEM), through the national program "Cocina, Peru" (Cook Peru) has delivered 533,600 kitchen kits to date.
The kits are composed by: Liquefied Petroleum Gas Kitchens.

Infrastructure

Peru: Lima's Metro third line pre-investment study to be ready in March

The pre-investment study for Lima's Metro Line 3 would be ready between March and April, according to previous information by Peru's Private Investment Promotion Agency (ProInversi�n).

It was told by ProInversi�n the consortium, in charge, is currently working on the pre-investment phase of the studies, which after its approval, could lead to know: The length of time for it to be awarded, as well as the itinerary and the investment demand.

Peru's biggest early stage water projects

BNamericas take a look at Peru's biggest water and waste projects that are still in the early planning stages.

Education

Ministry of Education to provide pedagogical support to over half a million students

The Ministry of Education affirmed pedagogical support assists 100% of the educational institutions on the Metropolitan Area of Lima and other different regions.
Personalized Training.

Fishing

Anchovy fishing season to open between April and May

The Ministry of Production (Produce) announced the anchovy fishing season in southern Peru to open in April or May, according to Fish Information and Services (FIS).

The Coastal Laboratory of the Peruvian Oceanic Institute (IMARPE) estimates the anchovy fishing season to begin between April and May but has yet to finalize a precise date.

Tourism

San Mart�n: Enjoy a dip in the Ahuashiyacu waterfall

Can you imagine being able to swim in a beautiful waterfall in the San Martin region? Well now you can enjoy the waterfall Ahuashiyacu.

Sports

Peru's Miluska Tello wins Rip Curl Pro Junior Series in San Bartolo

Local surfer Miluska Tello (PER) became the 2015 Rip Curl Pro Junior Series champion after taking down Lorena Fica (CHI) 15.84 to 10.00 on San Bartolo beach in Lima, Peru.

The talented Inca warrior was up to scratch, when compared with competitive international surfers, and thus managed to win the fourth date of the Women's Championship Tour 2015 of World Surf League (WSL).

Fashion

Mario Testino to be honored Lifetime Achievement in Infinity Awards

Renowned Peruvian photographer Mario Testino will be awarded the lifetime achievement award in New York City at the Infinity Awards on April 30.

H&M to arrive in Peru this fall

H&M will open its first store in Peru this fall, in what will be the first of its line, H&M Home in South America.

H&M currently operates 3,500 stores in 55 different markets world wide, and is looking forward to opening a new venture in the Andean nation.

Miscellaneous

Peru passes law to prohibit suspension of prison sentence against corrupt officials

The law that forbids suspension of imprisonment sentence for corruption committed by government officials and public employees was published today in the official newspaper El Peruano.

Peru Govt. adds efforts to fight against drug trafficking

The National Commission for the Development and Life without Drugs (Devida) delivered laptops, computers, printers and several technological equipment worth over US$ 100,000.
Those are intended to equip the radio interception bases located in the jungle areas belonging to Madre de Dios and Ucayali regions.

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