“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.

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The program seeks to define the amount of gold and silver in the area, said the president of Focus Ventures, David Cass. In early January the company said it had received a drilling permit from the Peruvian authorities to initiate this program.

The miner said that initial drilling will be carried out in order to obtain a geological section of 800 meters wide at the deposit, as established by the underground, and then continue drilling in an area of ??100 square meters.

New California property is located in the Cordillera Blanca, at an altitude of 3,300 meters above sea level, about 35 kilometers from the Pierina mine.

The mining operations underground and open pit started in 1983 with the exploitation of mineral deposits of gold and silver, which confirmed the presence of gold mineralization with economic potential on the surface of the mine property.

Focus Ventures, listed on the Toronto Stock Exchange (Canada), focuses on the acquisition of mining projects in Peru, especially gold, and New California is the first acquisition of the company in the country.

Their strategy is to identify and acquire existing mines but do not produce and properties that show the existence of gold and with potential to become new mines.

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In second place was Southern Peru, which exported 1,924.65 million, 22.18 percent lower, while Compania Minera Antamina, third, minerals exported 1,902.97 million, 33.12 percent.

Barrick Misquichilca exported minerals during 2011 totaling 1,316.88 million, 4.50 percent less than in the previous year, ranking fourth.

Fifth place was Sociedad Minera Cerro Verde, which exported 1,250.85 million, ie 26.92 percent less than in 2008.

In sixth place was the Consorcio Minero with 1,218.64 million (20.46 percent), in seventh place, with 701.35 million Sudamericana Processing (44.74 percent) and eighth, AYS with 501.21 million (7.37 percent .)

Universal Metal Trading was ranked in ninth place with 500.58 million dollars in exports of minerals (98.17 percent), while Compania de Minas Buenaventura with 386.61 million (20.92 percent) was in tenth place.

Comex reported that mineral companies exported a total of 15,949.21 million in 2011, lower at 11.77 percent versus prior year results.

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The National Capital Index (INCA), including the 20 most liquid shares traded on the LSE, has appreciated 0.14 percent. In today’s session on the amount traded shares stood at 47.48 million soles in 663 transactions for the purchase and sale.

Among the main actions that showed a positive development in the LSE highlights of Tuman (5.67 percent), Arequipa Steel Corporation (2.33 percent), Cementos Pacasmayo (1.85 percent) and Southern (1.82 percent).

Coril analyst Stockbroker Society (SAB), Jorge Ramirez, said the General Index of the BVL was particularly favored by industrial action, diverse and agrarian rose 0.12, 0.33 and 1.21 percent respectively.

The rise in the dollar pushed down the prices of metals on the outside, which added the announcement of the International Monetary Fund (IMF) will sell its gold reserves soon, he said.

Also, mixed economic data generated in the United States market volatility since the initial applications for unemployment benefits rose in the U.S., expected a reduction, and the index of leading indicators in January came out below expectations.

Although data on manufacturing activity in the United States performed well. Regional exchanges closed mixed, while indicators of the Stock Exchange of New York (NYSE) had favorable indicators.

The Dow Jones industrial index of the NYSE showed a rise of 0.81 percent, while the Nasdaq indicator and the Standard & Poor’s advanced 0.69 percent and 0.66, respectively.

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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.

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The international event will be held at the Metro Toronto Convention Center – South Building of the City of Toronto.

According to a supreme resolution of the Presidency of the Council of Ministers (PCM), published today, the Peruvian delegation will be composed of representatives of the Ministry of Foreign Trade and Tourism (Mincetur), Ministry of Environment (Minam) and regional governments.

They will also be representatives of the Institute of Geology, Mining and Metallurgy (Ingemmet), the Commission for the Promotion of Peru Export and Tourism (Promperu), the Agency for Promotion of Private Investment (ProInversión), the Institute of Mining Engineers (IIMP ) and the Chamber of Commerce Canada – Peru.

Representatives will also participate the Lima Stock Exchange (BVL), the Central Reserve Bank (BCR), the Canadian Embassy, the National Society of Mining, Petroleum and Energy (SNMPE), the National Confederation of Private Business (Confiep) .

Rounding out the delegation of representatives of the Geological Society of Peru, the Scout Association of Peru, private companies and the Ministry of Energy and Mines (MEM), as Deputy Minister of Mines, Fernando Gala.

However, the rule authorizes the minister to leave the country from 6 to 8 March to address issues of personal nature. In this sense, the PCM instructed the Minister of Labour and Employment Promotion, Manuela Garcia, the office of the duration of the absence MEM Minister Pedro Sanchez.

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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.

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“The Antamina income growth rates of both the regional and the national economy, since in recent years the GDP of Ancash grew six percent annually, while the national GDP did an average of seven percent, “he said.

However, he pointed out that there is still room to improve indicators of Ancash, through private investment. In early January Antamina announced an investment of 1,288 million dollars to expand its mining facilities and mineral processing capacity at its site located in the San Marcos district, province of Huari (Ancash).

He said the expansion in domestic economic activity will increase on average by 0.2 percent annually, and this represents approximately 4.524 million dollars in present value (accumulated from 2009 to 2029).

Similarly, the expansion and ongoing operations of Antamina generate an annual average impact (direct and indirect) equivalent to 0.8 percent of GDP in Peru (2009 – 2029), an impact that will be around 18 percent of the GDP of Ancash, remarked . With this project, between 2009 and 2029 Ancash receive a total of 2.723 million dollars in mining royalties and 530 million in royalties in the period 2016 to 2029.

You could also hire more than 225 additional workers in the area of ??direct influence, he said.

The average yearly expenditure on goods and services purchased in Ancash is 119 percent higher than 2009 and will remain canon resources available according to the performance expected. On the other hand, said the Antamina operations have already generated positive impacts on the area of ??direct influence in contrast to non-mining areas comparable.

Thus, 18 percent of households have access to clean water, ten percent of households have access to electricity, and the poverty rate is less than six percentage points. Finally, the amount of monthly per capita expenditure increased by ten percent (27 soles) and the malnutrition rate is less than seven percentage points.

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He said the hydrocarbons sub sector advance 19.6 percent in 2010, natural gas production in Block 56 in Camisea, before the start of natural gas exports liquefaction (LNG) to Mexico and the increased production of natural gas (2.3 percent).

While metal mining sub-sector would grow 0.7 percent, driven by the recovery of zinc and lead, as it is expected that mining and Volcano The Quenchless resume production levels stimulated by the recovery of international prices of metals .

He said that the mining and hydrocarbon sector ended 2009 with a slight increase of 0.4 percent over 2008.

Meanwhile, metal mining fell 1.4 percent by the temporary closure and adjustment of production in the mining units to lower demand and lower prices for industrial metals due to the international crisis.

The production of zinc, iron, lead and molybdenum recorded falls of 5.9, 14.4, 12.5 and 26.5 percent respectively.

For its part, the hydrocarbons sub sector closed 2009 with an increase of 16.1 percent as a result of increased production of natural gas liquids (20.7 percent) and natural gas (2.3 percent).

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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.

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