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Latest News in Peru / Archive
Mining/Energy | 4 July, 2008 [ 12:45 ]
Peru ranks 28th as attractive destination for investment in mining exploration in 2007, moving up 26 places due to the good investment and legal climate, stated today the president of mining and economy school Gerens, Armando Gallegos.
“The clarification of the current government political line, with a position in favour of the natural resources investment and exploitation; as well as the ratification of the Free Trade Agreement (FTA) with United States were the key to improve the perception of the policies are linked to the mining exploration ", Gallegos said.
This is according to the report Evolution Investment Evolution in Mining Exploration, Peru and Latin America 2002 - 2007 by Gerens based on the survey made by Fraser Institute from Canada and Metal Economic Group statistics.
Gallegos remarked that in addition to Peru being regarded as a prosperous country by many investors, the improvement is also due to the investment grade awarded by an international credit risk agency last April.
News source: ANDINA
Peru ranks 28th as attractive destination for mining exploration investments
Peru ranks 28th as attractive destination for investment in mining exploration in 2007, moving up 26 places due to the good investment and legal climate, stated today the president of mining and economy school Gerens, Armando Gallegos.“The clarification of the current government political line, with a position in favour of the natural resources investment and exploitation; as well as the ratification of the Free Trade Agreement (FTA) with United States were the key to improve the perception of the policies are linked to the mining exploration ", Gallegos said.
This is according to the report Evolution Investment Evolution in Mining Exploration, Peru and Latin America 2002 - 2007 by Gerens based on the survey made by Fraser Institute from Canada and Metal Economic Group statistics.
Gallegos remarked that in addition to Peru being regarded as a prosperous country by many investors, the improvement is also due to the investment grade awarded by an international credit risk agency last April.
News source: ANDINA
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2 Comments
# good spot says :
4 July, 2008 [ 19:34 ]
It's probably good to be somewhere between 15-25 in overall attractiveness. To be #1 I am guessing you need to be a stable country that allows people to exploit resources with little to no royalties or environmental controls. In other words highly profitable. On the other hand to be ranked toward the bottom of the list you probably need to be a country that nationalizes everything and provides little to no protection to outside investors in preserving their assets. In other words Venezuela.
Yea, I think being somewhere in the upper 1/3 or so but not higher is a GOOD thing!
# carl says :
5 July, 2008 [ 00:24 ]
Canada ranks 1Add your comment
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I was in an ICE storm - In Peru: Frustrated Lima motorists claim traffic is unbearable
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Good for El Comercio for making these figures public and drawing the needed (and shameful) compariso ...
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