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The conglomerate Mitsui Corporation of Japan is interested in investing in mining projects in Peru and ethanol in the medium term.

“Our first interest is to go for a mining project in the highlands of the country, specifically in copper since this metal is currently priced and are expected to maintain this trend in the months ahead,” he told Andina news agency.

It is recalled that in 2009 the price of copper was recovered and exceeded the rise in previous years, increased over the year to $ 328 values. In percentage terms the price of the metal rose 164 percent, which represented 40 percent of the average increase experienced between 2001 and 2006.

“Another project we have in mind, not in concrete yet, it is into the business of biofuels, specifically in Peru because ethanol has a high production potential,” he said. These projects are intended to Mitsui diversify its presence in the country that currently only focused on infrastructure and automotive sectors, among others.

On private initiative for the development of a desalination plant to provide a solution to the drinking water production, supply, distribution and storage for the people of southern Lima, said the Agency for Promotion of Private Investment (Introversion) rejected the project.

“We canceled Pro Inversion private initiative to plant 86.400 meters cubic per day in this area of ??the capital and above this, we have asked for explanations,” he said. However, Takase said the company remains interested in other productive sectors in which to invest proactively.

Mitsui Group is one of the largest conglomerates in Japan and one of the largest publicly traded companies worldwide.

Among its portfolio companies include Mitsui & Co., Mitsui Construction Co., Mitsui Engineering and Shipbuilding Co., Mitsui Mining & Smelting Co., Ltd. Mitsui OSK Lines, Mitsui Petrochemical Industries Ltd., Mitsui-gold, Mitsui Fudosan , Tri-Net Logistics Management, Mitsui Chemicals and Pacific Coast Recycling, Mitsui-Soko Co.

The promotion held in Japan for investment opportunities in mining Peru offers, for the country’s good economic conditions, resources and respect the environment.

The official of the Ministry of Energy and Mines (MEM) described the very productive visit after a trip that visited northern Japan, a former mining area, to see the work in the field of Japanese companies in the sector.

He also met with representatives of four major Nipponese company with interests in the Peruvian mining industry, including Mitsui Mining, Mitsubishi Corporation and Sumitomo Corporation, which found interest in increasing their presence.

Deputy Minister of Mines said that the Japanese are interested in traditionally abundant resources in Peru, such as zinc or copper, as well as other rare metals such as titanium or gallium.

The official stressed that another objective of the trip was to sign a memorandum of understanding with the Corporation for Oil, Gas and Metals of Japan (JOGMEC), in order to receive support Nippon in the treatment of waste generated after the close of mining, such as acid water.

“While in Peru we still have many mines in operation, will be closed and the operation is as important as a good end,” he said after his five-day visit to Japan.

Mining must also meet environmental standards, while respecting private property and protect the rights of people living within these areas, He said that monitoring of small-scale mining has been transferred to regional governments as part of the decentralization process, however, the MEM coordinates with the authority of Piura.

Therefore, in His city has installed a decentralized office to manage the issue directly, he said.

During a working visit to Piura, Sanchez explained that to start a mining operation must follow several processes, starting with obtaining the concession title, and followed by the permission of the owners of surface land, communities or individuals. Then continue the preparation of environmental impact assessment (EIA) that guarantees the protection of the environment and, finally, if any, should respect the architectural heritage of the nation.

“After fulfilling all these obligations only on mineral owner can initiate a scan. There have been cases with only the title of grant is to explore, which is illegal and is what causes many of the problems in the country, “he said.

On the Rio Blanco mining project, the minister said Rio Blanco Copper Company, in charge of the project is complying with everything required by law, and is currently developing the respective EIA.

He said the company must continue this process through workshops, hearings and consultations.

He said that there is opposition from other agents because they are uninformed they do not know that the nearest population center to the project is seven hours, issue that should be part of the information issued by the company.

He noted that Rio Blanco is a project that can develop in a sustainable way, respecting the rights of communities and generating benefits for nearby towns and the region. Sanchez visited the storage facility in Sechura Bayovar, and after a brief tour of the spring and control areas met with officials and employees of pipeline operations.

The engineers explained in detail the operation of the pipeline that carries crude oil to the pier, passing through a system of turbine flow measurement and the operation of tankers.

Also it was learned that all installations are protected with fire protection systems, including launchers and sea water spray or foam under pressure, which operate on and under the pallet. Submerged dock facilities have a system of protection.

The activities of Tia Maria copper project that had been making the mining company Southern Peru in Arequipa province of Islay, were suspended for 90 days. This after officials of the Supervisory Board of Investment in Energy and Mining (Osinerming) site inspection, the cessation of their activities.

The Energy and Mines Minister Pedro Sanchez, said that immediately after the meeting to hold a High Level Commission with officials and leaders of the province of Islay, on April 2 Cocacharca the district, a committee of officials Osinerming moved to the area of ??operations of the Tia Maria project, which verified the shutdown of mining activities.

This information was forwarded to the Directorate General of Environmental Affairs and Miners (DGAAM) of the MEM, which means an office notified the president of the mining company to refrain from implementing any mining activity associated with the project.

Southern Peru then informed the president of the regional government of Arequipa, Juan Manuel Guillen, the 90-day suspension all its activities with equipment and operations personnel in the Tia Maria project, specifying that only remain in that place security personnel .

Also, the mining company undertook to provide full cooperation to respond to the comments to the Environmental Impact Study (EIA) project that will be presented by civil society in the Technical Committee to settle in the coming days.

Finally, the MEM reaffirmed its commitment to comply with the agreements reached at the meeting of April 20 in Cocachacra and continue, through dialogue, to promote responsible business philosophy, caring for the environment, and establishing a closer relationship with all local communities.

During this period, Southern Peru Copper mining exports led to 1179.5 million, 98.26 percent more than it exported in the same period of 2009.

In second place was Antamina Mining Company, which exported by 1.021 million dollars, 82.80 percent, while Minera Yanacocha, third, minerals exported 739.06 million, which represented a fall of 7.54 percent.

Socialized Miner Cerro Verde exported in the first five months of 2010 minerals for a total of 640.6 million dollars, 60.62 percent more than the same period last year, ubicand2ose fourth.

In fifth place was Miscalculate Bar-rick, which exported by 616.2 million dollars, ie 26.4 percent between January and May 2009.

In sixth place was the company Coercion Miners with 566.8 million dollars (70.95 percent) in seventh place with 481.7 million AYS (540.65 percent) and in eighth place with 355.2 million Americanism Processing (35.38 percent more).

Universal Metal Trading was ranked in ninth place with 276 million dollars in exports of minerals (59.71 percent), while Company de Mina’s Bonaventure 166.9 million (7.52 percent) was in tenth place.

Said more than 100 leading mining companies in the world engaged in exploration in Peru, attracted mainly by the rich polymetallic territory and driven by political and economic stability in the country.

“We currently have over 100 exploration companies from Canada, Australia, Britain, China, USA and Australia, among others,” said the Director of Mining Promotion MEM, Henry Moon.

In addition, there are approximately 276 prospects and mining projects, and 398 mining units in operation, he said. Similarly, operating in Peru said that leading companies like Aluminum Corporation of China (Chinalco), Anglo American UK, Barrick Gold of Canada, BHP Billiton of Australia, and Peru’s Buenaventura group, Hochschild and Milpo.

He explained that since the nineties in Peru applies an environmental management system for the exercise of mining in order to change the bad image they had of mining in the past. From there, the country entered a new era in which the State applies the sustainable development of the mining industry also requires companies to conduct environmental impact assessments (EIA), public hearings, concession titles, etc. to ensure proper operation.

“Peru is a country rich and very attractive for companies in the world due to underground mining potential of the country, also has a strategic location not only in Latin America but in the world,” he said.

He also said that the country’s trade liberalization through the various free trade agreements (FTAs) it has signed with various countries, has been a very important factor for the sector to successfully confronts the last global financial crisis.

He argued that Peru has virtually nationwide about 12 percent of the territory requested as mining concessions, however, only put into operation scans or 1.3 percent of the area granted. Moon presented the topic “The investment and new mining projects in Peru,” during the “Mining” organized by the Society of Peru’s Foreign Trade (ComexPerú).

Strata Copper Peru presented the environmental impact assessment (EIA) project at a busy Las Bambas public hearing in the district of Chihuahua province of Cotabambas, Apurimac.

The event was attended by over 4,500 people representing all communities in the catchment area of the project, city officials, councilors and representatives of the regional directorates of Mining Apurimac and Cusco.

This quote is the corollary to 19 workshops for citizen participation, executed in different locations in Cusco and Apurimac.

During his speech the general manager of Las Bambas Choquenaira Valentine said that will have the best available technology and the highest standards of environmental partner.

The representative of the Ministry of Energy and Mines (MEM), Jose Carranza, said that the public agency will collect over 30 days all queries of the population.

These consultations shall be entered into the record and moved the company to his acquittal.

He stressed that this presentation was held in an atmosphere of harmony, which indicates the interest of communities and civil society in the area of influence by the work carried Xstrata Copper in the south.

He said the company, in addition to mining issues, promotes development in social, educational and health services.

The Minister of Energy and Mines, Pedro Sanchez, announced that the next meeting of the roundtable on mining issues will take place in the Cajamarca district Chugur,, as requested by the authorities which met in his office.

In the meeting with the provincial mayor of Bambamarca, Esteban Campos, and other provincial representatives, the minister said he will coordinate the participation of other ministerial portfolios at this meeting to be chaired by the Deputy Minister of Mines, Fernando Gala, and will with the participation of experts from the sector.

Sanchez heard at the meeting to order local authorities and reported that his office commissioned the study at the profile level for environmental remediation liabilities of 119 mining projects The Tahona and El Dorado in Hualgayoc, the company projects, Service, advice to Mining and Environmental Affairs (Pasminaa).

He said that after the final report of the company, the Ministry of Energy and Mines (MEM) call the preparation of studies and detail engineering and award the bid for the start of the study closure liabilities and detailed engineering for remediation. He reiterated that these types of activities are meeting the commitments MEM addressed at the desk with the authorities of the province Hualgayoc.

Also, do not rule out that when progress in the dialogue he can get to Cajamarca to chair a meeting with another minister. During the meeting, asked participants not to break the dialogue and avoid taking roads that end up harming third parties, and urged them to decide by legal or judicial proceedings where the mining companies in default.

Environmental Impact Assessment (EIA) for the different mining projects may be submitted electronically, with the aim of their evaluation demands the shortest possible time.

The head of the General Directorate of Mining Environmental Affairs (DGAAM) MEM, Felipe Ramirez, said the industry is working rapidly to future evaluation of these documents is achieved by optimizing the technology.

The MEM is working with the Peruvian Canadian Cooperation Program (Perc) in the optimization Mining Environmental Information System, to culminate at the end of year 2011 software tools for submission and evaluation of web-based environmental studies, he said.

He said that it aims to reduce the times that the sending of information generated by conventional means and aligned to government policy and zero electronic paper.

The DGAAM aims for this year the term of an administrative assessment of an EIA is in a period of 180 days. Indeed, the DGAAM continuing the line better and better analysis of the EIA conducted the second workshop entitled “Environmental Studies Miner’s Procedures.”

Ramirez stressed the need for consultants to keep their data current to the DGAAM.

Also raised the most recurring observed in the evaluation of the EIA are presented to address, in order to be taken into account and thus achieve shorten the evaluation of the studies presented. He added that, together with companies, consultants are also responsible for the EIA presented for the execution of each mining project.

Company’s investments in Peru could increase in coming years, although that will depend on the level of progress of projects being managed. However, Gold Fields and other large mining companies now operating in Peru to continue developing new investments, it is necessary to maintain the rules on legal and tax, he said.

“If the rules are not clear we will lose the competition to attract capital from multinational companies such as Gold Fields, have potential projects and very interesting”, he said. He explained that mining companies worldwide have now has capital and limited financial resources due to the international crisis, and therefore seek to allocate their investments to countries that are attractive to foreign capital.

“We are very confident that the current tax and legal framework will be maintained over time as has happened, so clearly the mining will continue to develop and may continue to contribute as it does today,” he declared. Kruger said the current political landscape in Peru shows that all candidates for President of the Republic, which must be held in 2011, are well designed to promote national development and ensure that all Peruvians have a better life .

“That means that the Peruvians who are in extreme poverty can leave it, but we can not visualize any other way to achieve that goal without promoting investment and without a healthy economy and an economic policy aimed at attracting all capitals,” he said . It also found that the new regional and local authorities to be elected in October this year should be able to use more and better resources from the canon and the royalties generated by mining in Peru.

On the other hand, said that completion of the Third International Seminar on Equipment, Supplies, Services and Mining Machinery – Exposition 2010, is a sign of support being provided by the business development of mining in Peru.

“The Expomina 2010 will feature over 500 suppliers of machinery, equipment and services for the mining sector from 15 countries,” said Kruger, who chairs the Organizing Committee of the Expomina 2010. Finally, he mentioned that during the days that the Expomina 2010, which opened today and runs until 10 September, is expected to do business for approximately $ 120 million.