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The company, based in Las Vegas (Nevada), is dedicated to the exploration and development of precious metals and in central and northern Peru has properties that include exploration for base metals and gold advanced.

The president of Dana Resources, Len DeMelt said that currently evaluates three prospects mining and that due diligence (extensive and thorough audit) is already underway so that negotiations could conclude soon. He said that the company’s strategy is to acquire mines that are producing and investing in them to gradually increase its production capacity. He added that these assets initially require relatively small investments, avoiding unnecessary expenses and to generate a cash flow.

“Dana has implemented a plan to acquire precious metals assets to generate cash flows and take advantage of current high commodity prices,” he said.

The first prospect is evaluating Dana Resources is a mine of silver, lead and zinc in small scale, whose production could be increased with minimal investment, from 50 tonnes per day to more than 250 tonnes over a period of 12 months. Assuming a recovery rate of 80 percent and a processing fee of $ 250 per ton, the company would start seeing a profit under six million dollars per year in the initial 50 tons per day, he said DeMelt.

The second prospect is located in the Huancavelica region in an area where there is money for over 50 years. In this area Huachocolpa mine has about 25 million ounces of silver and Julicane mine produced 80 million ounces or so.

The third prospect is an exploration project with ongoing excavations indicate the existence of a moderate metal deposition. Preliminary calculations of Dana, the deposit would contain 30 million ounces of silver are not yet in production. Production could begin in the very short term and minimal capital expenditure.

Precious metals producer, will invest 50 million dollars in exploration activities in Peru and the Americas, said the chief executive of Hochschild Mining, Ignacio Bustamante.

“Of this amount, 20 billion was spent to extend the life of the mines currently operating, and the rest in the search for new projects,” he said.

He said the company has a portfolio of 50 exploration projects and a little more than half of these are located in Peru, mainly in the south. In addition, Hochschild is looking at the north, especially La Libertad and Cajamarca, given its high mineral potential, he said. The group already has some experience in this area, with its operation in the open pit mine Sipan, which is currently in the closing stage.

“I do not want to limit ourselves only to work in southern Peru, I think we should explore opportunities in all regions to find new deposits of gold and silver,” he said.

Bustamante said that if deposits located on the road interesting copper and are consistent with the location of other projects, the group will assess their development. Exploration projects in some stage of recognition are superficial, others in diamond drilling, and others are more advanced and is quantified as the resource.

“To date we have two projects in southern Peru that are already in advanced stage and we announce year end results, while others are slightly less developed but have an interesting geological potential, mainly silver,” said .

Regarding its Moris Project in Mexico, said that currently the reserves are being depleted so that only occur until mid-2011. He also noted that production costs have increased by ten percent this year over 2009, mainly by a rise in the value of labor, not only in Peru but also in Argentina and Mexico.

This increase is due to fees from contractors and key inputs such as fuel. The group operates three mines in Peru: Arequipa Ares and Arcata and Pallancata in Ayacucho, the San Jose mine in Argentina and Moris in Mexico. In addition, participates in the operations of Lake Shore Gold companies in Canada (38 percent) and Gold Resources Corporation (29 percent) in Mexico.

The said amount corresponds to sales of copper (3.289 million dollars), gold (3.064 million), zinc (643 million), lead (512 million), tin (237 million), molybdenum (174 million), iron (155 million ), refined silver (42 million) and other metals (five million).

According to the Central Reserve Bank (BCR), the value of copper exports in the first five months of the year showed a growth of 82.9 percent from 2009, although the volume shipped from 473.900 metric tons (MT) was 7.1 percent lower.

In the same period, sales of gold showed a higher amount at 20.3 percent, with the volume shipped two million 685 thousand troy ounces, down 4.1 percent from the previous year. In exports of zinc is also observed an increase in their value of 95 percent from 2009. TM were shipped 499.300, 0.2 percent more than in the previous period.

Exports of metallic mineral products account for 63.4 percent of all exports, traditional and nontraditional made by the country, according to BCR. The metals contained within traditional exports but all the so-called non-traditional exports are also other products linked to mining activity.

They are primarily non-metallic minerals, whose sales totaled $ 67 million in the mentioned period with an increase of 25.8 percent over the previous year. Also include iron and steel products were exported and jewelry amounting to $ 334 million, an increase of 80.8 percent. Finally, is the marketing of metalworking products worth 144 million dollars, observed in this case a decrease of 1.6 percent.

Some of the 38 projects listed have not defined the date of commencement of operations or the date of construction as are still under study and permits. According to the report of the MEM, seven mining companies made expansion projects, among which Cormorant Metals of Brazil, which allocated $ 500 million to expand Mariquilla zinc refinery (Lima).

To increase the production of the Marconi iron mine (Ica) Shrugging Herero Peru plans to invest 1.000 billion from the year 2011. Another expansion project will be undertaken by Southern Copper Corporation, which will spend $ 600 million to expand the smelter and refinery in Ilk (Monegasque), in addition to Torquemada (Tacna) and Cajan (Monegasque). In this case is scheduled to begin operations by 2012.

It is also hoped that the Societal Mineral Cerro Verde (SMCV) expand its mining operations in Arequipa, with an investment of 1.000 billion dollars in 2012. Other projects will be in charge of Campanile Mineral Anta mina, which will allocate 1.100 million to expand its operations in Ancash in 2011, the Societal Mineral El Boral, which will invest 197 million in the mine Colloquial (Junín) and Barrack Misquichilca will invest 400 million in the Laguna’s Notre mine (La Libertad).

Among the confirmed investments for new mining projects, is the Tia Maria project in Arequipa Southern (950 million), China co Toromocho in Junín (2.200 million) and The Trench Buenaventura in Cajamarca (60 million). Projects that already have the feasibility study are the Rio Blanco project in Piura Zoning Mining Group in China by 1.440 million dollars and the Moquegua Quellaveco in Anglo American (UK) in which an investment is expected to run of 3.000 million.

Among the projects under exploration include Galen (Cajamarca) Jiangxi Copper China with 2.500 billion, La Granja (Cajamarca) Rio Tinto in the UK with 1.000 million, Michiquillay (Cajamarca) of Anglo American with 700 million and Chaquicocha (Cajamarca) of Mineral Yanacocha 400 000 000. There is also the project Quechua (Cusco) Mitsui Mining in Japan with 490 million dollars, Pukaqaqa (Huancavelica) and Hilarion (Ancash) of Company Mineral Milo both with 300 million investments, and Antapaccay (Cusco) Xstrata 1.500 million.

The portfolio includes Tantahuatay (Cajamarca) Mineral Bonaventure 56 million dollars, Cerro Copan – Huillque (Cusco) Cuero Resources Canada, Pampa Congo (Arequipa) of Nanjing Group for 3.280 million and Corang (Puno) Bear Creek Mining United States for 428 million. Also included Minas Conga (Jamaica) Anaconda with 3.000 million, Magisterial (An cash) Inca Pacific Resources of Canada with 402 million Canaries (Lambaste) Condense Resources Canada with 1.200 million, Constancies (Cusco) Norseman Mining Canada with 846 million.

In addition, projects Pucamarca (Tacna) Mansur with $ 90 million, Las Bombast (Apurimac) Xstrata 4.200 million, Herero Apurimac (Apurimac) Strike Resources of Australia with 2.300 million, the chances (Apurimac) Southern with 1,200 million and Microbe (Ica) Chariot of Canada with 744 million. Finally, projects Aquila An tares Peru with $ 301 million, Arena (La Libertad) of Rio Alto Mining of Canada with 360 million Shauhindo (Cajamarca) Sullied Gold in Canada with 90 million and Chucapaca (Moquegua) in Quarries Find over 700 million.

Electricity sub-sector rose 8.35 percent in February 2011, This positive performance was underpinned by increased production of electric power companies Ede-gel Egenor, Egasa, SN Power Peru, San Ga-ban, Egemsa, Electro Piura, Kallpa Generation and Egesur, the main.

The sub sector includes the production of electricity generating companies for public service, operating in the National Interconnected System and the isolated systems.

For its part, the production of Mining and Hydrocarbons sector fell 3.59 percent due to lower production levels observed in the Metal Mining sub sector (-9.70 percent) lower production of tin (-29.79 percent), lead (-24.55 percent), gold (-16.59 percent), zinc (-11.74 percent), silver (-3.13 percent) and copper (-3.08 percent), while increased production of molybdenum and iron.

The hydrocarbon sub sector was an expansion of 37.52 percent for the increased production of natural gas in 179.48 percent. In measuring this industry, the Metal Mining has a stake of 79.4 percent and hydrocarbon weight of 20.6 percent.