Investments in mining suspended until June


The vice-president of mining of the National Society of Mining,
Oil and Energy (SNMPE in Spanish) Oscar González Rocha declared that the new
investments in mining projects are suspended until the political situation has
calmed down. “The enterprises will wait some months and probably in the second
half of the year will decide if they will invest in the country, if the
conditions are appropiate for them” added González.

There are some investment projects as Minera Majaz which demands
an investment of US$800 mllions, the Toromocho project of Peru Coper which will
need more than US$ 1,500 and the Chankas from Southern Copper. He reminded that
Peru dropped from place 43 to 64 in the ranking of the Fraser Institute as a
country attractive to mining investors.