Living in Peru : your everyday companion

BPZ Energy Resumes Oil Production at Corvina Field

BPZ Resources, Inc. announced that it has resumed oil production at the CX-11 platform in the Corvina field in offshore Block Z-1 in northwest Peru. The Company restarted production under its long-term testing program on May 2, 2008 and plans to ramp up production to approximately 6,000 barrels of oil per day (bopd). (Business Wire - click here to read complete press release)


Elecnor wins two power-line contracts in Peru worth $181 million

Spanish infrastructure group Elecnor SA. said it has won two contracts, along with with Isolux Corsan, worth $181 million, to build and manage two electrical transmission lines in Peru. In a statement, Elecnor said the 30-year contract is to design, finance, build and manage the two power lines. (Forbes - click here to see article)


Buenaventura’s gold hedge book unwinding torpedoes 1Q08 profits

The unwinding of Compañía de Minas Buenaventura's hedge book caused the company to take a US$63 million net loss for the first quarter of this year. However, Buenaventura CEO Roque Benavides told analysts that, "We think that the weakness of the dollar is not over and we may see gold prices going higher than what they are today. " (Mineweb - click here to read complete article by Dorothy Kosich)


Amera Completes Geophysical Program on Cocha Copper-Silver-Gold Project

Amera Resources Corporation is pleased to report VDG del Peru S.A.C. has completed a total of 37.5 line kilometres of Induced Polarization (IP) and 39.7 line kilometres of ground magnetometer surveys covering the Central Cocha, South Cocha and East Cocha targets on the Company's 7,000ha Cocha copper-silver-gold project in Junin Department, Peru. (Marketwire - click here to read complete press release)