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Mining sector expanded by 8.7% in Peru last March, investment bank Credit Suisse affirmed. Thus, it became the longest expansion since August 2013, which also led to contribute 1 percentage point to GDP growth, it added.
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Peru's economy expanded 2.68 percent in March, shattering previous predictions of 2.15 percent. GDP also grew 1.73 percent, which is beyond the government's estimate of 1.5 percent growth, and the economy increased 0.7 percent on a seasonal level from February to March. Analysts expect Peru to grow around 4.0 percent in 2015.
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Service sector exports to grow 7% to more than US$6.2 billion this year, informed David Edery, coordinator of service export sector at Peru's export and tourism promotion board (Promperu).
According to the high-level official, the sector generated US$5.8 billion in foreign exchange last year.
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Peru's Minister of Economy and Finance, Alonso Segura, will participate today in the event "Latin America and the Rising South", organized by the Government of Peru and the World Bank (WB) as part of the "Road to Lima" initiative held within the framework of the Annual Meetings of the Boards of Governors of the WB and the International Monetary Fund (IMF).
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China's Premier Li Keqiang will accelerate plans for an ambitious railway linking Brazil's Atlantic coast with a Pacific port in Peru, and announce billions in other investments and trade deals, when he visits Brasilia on Tuesday.
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 Tia Maria copper mining project, located in Islay province (Arequipa), will generate US$150 million royalty revenue annually and US$700 million in exports, Deputy Minister of Mines Romulo Mucho estimated.
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 Constancia mine located in Cusco will reach its total production capacity in the second half of 2015, the Director for Business Development in South America at HudBay Minerals, Javier del R�o, affirmed.
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 Despite headlines about deadly protests and the collapse of funding for juniors, Ricardo Carri�n and Alberto Arispe of Kallpa Securities in Lima remain steadfastly optimistic about the future of mining in Peru. In this interview with The Gold Report, Arispe and Carri�n highlight the mining-friendly government, the new production from many sources and point to several juicy projects that lack only the means to further unlock Peru's mineral riches.
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Is it the mercury or the malaria? Or maybe it's something else entirely that's making people sick in the Peruvian Amazon. Those questions are bedeviling researchers from Duke University who have been studying gold mining in the region. Illegal mining has exploded in the area in the past decade, and the people living downriver have a variety of medical issues, from malaria to anemia to high blood pressure.
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 Click and Visit our New Webpage: New skin, New body, Same passion
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According to the Ministry of Environment, at least 22 per cent of Peru's economy is tied to its biodiversity. May 22 is International Biodiversity Day, with the United Nations saying Peru is one of the world's top-10 "megadiverse" countries. The four main elements of the Peruvian landscape-the sea, the desert, the mountains, and the forest-give rise to a bewildering array of plants and animals.
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Environment Minister, Manuel Pulgar-Vidal, attends the 6th Petersberg Climate Dialogue currently held in Berlin (May 17-19). The meeting is aimed at encouraging the political dialogue about the key topics to be addressed in the upcoming climate-related negotiations.
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Supporting Peruvian investments abroad is a task developed by the Ministry of Foreign Affairs, which has increased as outcome of the Peruvian economy internationalization process, Peru's former Foreign Relations Minister Allan Wagner announced.
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Next July Peru will assume the Pacific Alliance Pro-Tempore Presidency.
The Peruvian government expects to work "actively" with the said economic bloc, in order to approach fellow member nations, Peru's Finance Minister Alonso Segura affirmed.
"We are working very actively on approaching other member nations, such as Mexico, Colombia and Chile, so the Alliance grows because this is fundamental for its members," he told.
Segura went on to add the fact that such countries have similar economic policies eases the integration process, which enables member nations to get prepared for the future.
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Chinese Nobel laureate Mo Yan will be in Lima later this week and is to give a talk at San Marcos University on May 23* in the afternoon.
A prolific novelist and short story writer, Mo Yan was awarded the Nobel prize for Literature in 2012. In 2011, then-chairman of the U.S. National Endowment for the Humanities, Jim Leach, wrote in the Humanities magazine that Mo Yan was the Chinese answer to Franz Kafka or Joseph Heller.
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Entitled, "10 creative cities to leave the country for," DAZED published a list of alternative cities for young artists to escape to, including the Peruvian capital of Lima.
"Paris is tired. New York is obsessed with success and London is just extortionate. Berlin is reaching saturation point," opens the article that includes Lima in its top 10 creative cities, among Athens, Istanbul, and Sao Paulo, among others.
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Maca, a root vegetable similar to a potato, has been a staple in Peru for centuries. Though its name isn't nearly as recognizable today as acai or goji berries, it was popular in the natural health community in the 1980s. Now, it's on the rise again.
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More than 860,000 people visited Peru in the first quarter of 2015, an 8.3 percent increase over 2014, according to the Minister of Foreign Trade and Tourism, Magali Silva.
Silva attributes the increase to an intense and continued promotional program through Promperu and the commercial offices in different cities.
This year, Silva said, the ministry expects sales of more than $60 million through the international travel fairs. Strategic alliances with wholesale operators have also been made in the leading markets, including the United States, Brazil, Chile, Colombia, Mexico, Canada and Spain.
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The Facebook page of the Peruvian band, Los Saicos, informed that the drummer of the band, Pancho Guevara, "a great father, a friend, and musician," passed away yesterday.
The musical group performed recently at the Embassy of Peru in the USA.
Watch the video!
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