Living in Peru : your everyday companion

Energy Transfer Partners Presents Plan For Peru Gas Pipeline

Energy Transfer Partners L.P. (ETP) has presented a proposal to construct a natural gas pipeline in Peru, which could require a $2 billion investment, the government said Tuesday. The company, a partnership owning and operating various energy assets in the U.S., is proposing to construct an 880-kilometer pipeline through the Andes Mountains, the office of President Alan Garcia said in a statement. (Dow Jones - click here to read complete article)


India's Reliance eyes Peru energy investments

Indian energy group Reliance plans to explore for oil in Peru and will evaluate investing in a new petrochemicals complex in the Andean country, officials said on Tuesday. The Indian group, a newcomer to Peru, plans to look for hydrocarbons in the province of Puno and the Amazon basin. (Reuters - click here to read complete article)


Vena Commences Underground Development at Pucara Copper/Gold Project

Vena Resources Inc. is pleased to announce that it has received all the required permits to commence an underground development program to further investigate its 100% owned copper-gold-silver-lead project at Pucara in the Puno District of Peru. A 4,800 metre drill program was completed on this property earlier this year showing continuity along the northern veins for more than 550 metres and preliminary metallurgical tests have indicated encouraging results. (Fox Business - click here to read complete press release)


Judge sets deadline in Asarco bankruptcy

A federal bankruptcy judge has given bankrupt Tucson copper producer Asarco LLC until July 2 to negotiate a Chapter 11 reorganization plan for the company. Asarco wanted until Aug. 1 to develop the plan, which will likely include the sale of its working assets to Sterlite Industries Ltd. for $2.6 billion, but Judge Richard Schmidt would only extend the deadline until he rules on the Sterlite sale. (Arizona Republic - click here to read complete article by Max Jarman)


Shougang Hierro Peru to start iron mine project in Marcona

ANDINA reported that Shougang Hierro Peru agreed to start the project of its iron mine new zone in Marcona which will demand an investment of around USD 1 billion. In the board of directors session carried out recently the company approved the development of new mines in the implementation of infrastructure that includes a new benefit plant and a pellet plant. (Steel Guru- click here to read complete article)