LIMA Peru's opposition-run Congress renewed its confidence in the government of centrist President Martin Vizcarra late on Wednesday, averting a political crisis that would have cost him his cabinet and triggered new legislative elections.
LIMA, Sept 14 Brazilian mining company Nexa
Resources plans to invest some $1.17 billion
in copper and zinc projects in Peru and Brazil over the next
five years, the company's general manager Ricardo Porto said on
LIMA Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer.
LIMA Dozens of Venezuelans who fled their crisis-stricken country for Peru are seeking to take up a Caracas offer to fly them home, as Venezuelan President Nicolas Maduro seizes on hardships migrants face abroad to shore up domestic support.
Former workers from Peru's La Oroya metallurgical plant have teamed up with a consortium of Chinese and Swedish companies to buy the dormant mining complex and a small copper mine in partnership for some $139 million, a union leader said on Friday.
LIMA, June 28 Peru's central bank said on
Thursday it would reduce reserve requirements for dollar
deposits to 35 percent from the current 36 percent, beginning in
July, in an effort to boost credit and liquidity in local
LIMA Peru's new finance minister told Reuters on Thursday he thinks the economy will grow by about 4 percent this year, faster than the government's current view of 3.6 percent, thanks to recovering business confidence and investments.
LIMA Peruvian Finance Minister David Tuesta resigned on Monday as truck and bus drivers called off plans for a major protest against his fuel tax hikes and the president promised to shift the focus on collecting taxes owed by big companies.
LIMA, May 30 Peruvian miner Minsur
expects to secure $800 million to $900 million in financing from
a group of banks in August that will put it on track to start
building its $1.6 billion Mina Justa copper project toward the
end of the year, the company said on Wednesday.
LIMA The government of Peruvian President Martin Vizcarra canceled his predecessor's decision to award five offshore oil contracts to London-based Tullow Oil PLC shortly before resigning, citing insufficient consultations with coastal residents.