Living in Peru : your everyday companion

Iamgold sells Peru La Arena property to Rio Alto

Iamgold said on Thursday it has agreed to sell its La Arena copper and gold property in Peru to Rio Alto Mining for $47.6 million and a 5.5 percent interest in the smaller company. Toronto-based Iamgold said the sale was part of move to sell off noncore assets. "The 5.5 percent ownership interest acquired as part of this transaction will provide Iamgold the opportunity to participate in the future succes of La Arena,' Iamgold Chief Executive Joseph Conway said in a statement. (Reuters - click here to read complete article)


Peru's tribal land protected from gas concessions

Indigenous rights groups praised Peru's petroleum agency on Thursday for excluding areas where isolated tribes live from an auction of oil and gas concessions. Rights groups say the decision is a turnaround for Perupetro, which previously had indicated it might open up the protected areas for bidding. (Reuters - click here to read complete article by Dana Ford)


Peru Offers 17 Blocks in Second Oil and Gas Licensing Round

Peru kicked off its second annual oil and gas licensing round Tuesday as part of a push to raise hydrocarbon production and start exporting oil and natural gas within the next two or three years, Ronald Egusquiza, president of state oil licensing agency Perupetro told International Oil Daily. (Energy Intelligence - click here to read complete article)