Posts Tagged ‘Domestic Product’
Antamina Mining Company encourages the growth of gross domestic product
The operations of the Antamina Mining Company drove growth of six percent annual gross domestic product (GDP) in the Ancash region, said his manager, Corporate Affairs, Gonzalo Quijandria.
“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.
Panama Investment in mining and agriculture in Peru will increase
There are many Panamanian capital invested in Peru, include large investments in mining and agriculture that we calculated would reach 600 million dollars, but employers prefer to maintain the confidentiality of the case,” he said. He indicated that these amounts of investment would increase significantly after the two individual countries a Free Trade Agreement (NAFTA).
“Many companies in Panama are waiting to compliance with the intentions of Panama and Peru to realize a trade agreement to come and invest,” he said during the installation ceremony of the bi-national chamber, held in headquarters of the Lima Chamber of Commerce (CCL) .
He explained that Panama is interested in becoming the leader in financial services and international trade in Latin America, Peruvians can benefit from their experience in this field. He argued that an FTA with Panama is strategic because this country has a very important geographical position, and has a highly specialized international trade services.
It also has a high rate of Gross Domestic Product (GDP) per capita in the region after Brazil, amounting to $ 12.600.
“After a first year NAFTA trade between the two countries could increase by at least 40 percent. Today, trade with Panama sum of $ 800 million, this figure likely to double in a year trade agreement, “said Sologuren. He also stated that a trade agreement with Panama to Peru would preferentially make use of the stores located in the channel and service loading and unloading of the goods in the FTZ and then re-export to other markets.
“Peru can also benefit from the sophistication that the Panamanians have to provide financial services and trade. Moreover, 75 percent of the GDP of that country is settled in this type of service, “he said. According to CCL, Panama is Peru’s largest trading partner in Central and trade between the two countries represents 49 percent of trade with the bloc.
Between January and April this year, Peruvian exports to Panama grew by 35.48 percent compared to the same period in 2009, totaling sales of 50.30 billion dollars, while exports from Panama came to 190.46 million. The main products sold by Peru to Panama during the first four months of 2010 are the miners, with a share of 67.7 percent, followed by textiles and fishing, both with 3.92 percent.