Living in Peru : your everyday companion

Stratos Renewables Corporation, an emerging South American sugarcane ethanol producer, today announced the company has entered into a strategic agreement with affiliates of RNK Capital LLC to structure and manage commodity transactions in the global emissions trading market, including certified emission reductions and verified emission reductions that the Company may generate in the conduct of its sugar cane ethanol business. "Stratos Renewables is pleased to be partnering with RNK on what we believe will be a significant opportunity provided by our production of sugar cane ethanol in Peru," stated Stratos Chairman and President, Steve Magami. (Business Wire - click here to read complete press release)


US-Owned Smelter Fined for Pollution

The U.S. company running a large multi-metal smelter in the Peruvian city of La Oroya, one of the most polluted places on earth, is facing sanctions for violating air quality standards. Mining and metallurgical company Doe Run Peru overran emission limits to such an extent that on Mar. 11 the German independent auditing firm TÜV Rheinland withdrew their ISO 14001 environmental certification, issued in 2006. (IPS - click here to read complete article by Milagros Salazar)


DJ Votorantim Purchases $3.4 Mln Of Peru Miner Milpo Stock

Votorantim Metais Ltda. purchased 1,016,654 shares of Peruvian base metals miner Compania Minera Milpo SAA, totaling $3.4 million, the company said Thursday. The Brazilian conglomerate said it had increased its share of the Peruvian miner slightly to 25.06% from 24.88%. Votorantim, a Sao Paulo-based zinc, steel and nickel miner, offered to take a controlling interest in Milpo in March, and increased its offer earlier this month to $3.33 per share from $2.87. But Milpo had rejected both offers, saying these were too low. The offer expired Wednesday. (Trading Markets - click here to read complete press release)


Ventura Begins Second Drilling Program at Inmaculada Gold-Silver Project in Peru

Ventura Gold Corp. has begun a second drilling program at the Inmaculada project in southern Peru, following a three-month pause for the rainy season. A total of 3,500 meters of core drilling is planned for this second phase of drilling at the Inmaculada project, including 2,000 meters to continue testing the Quellopata veins and 1,500 meters to test the Minascucho breccia. (Marketwire - click here to read complete press release)


Tinka Defines 20 Million Ounce Silver Resource at Colquipucro, Peru

Andrew Carter, President of Tinka, announces that an independent 43-101 report on the Company's wholly-owned Colquipucro property in Peru has determined a silver resource as follows: (Marketwire - click here to read complete report)