Posts Tagged ‘Mining industry’
Investment opportunities in Peru Mining in Japan
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.
Polimetal rich region and supported by political stability and economic
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).
Peru state mining project which is constantly increasing
“Every day that portfolio is increased with successive announcements of the various exploration companies operating in Peru, this fills us with great joy,” said Deputy Minister of Mines, Fernando Gala.
“This level of portfolio of mining projects should be happy but not satisfied because the portfolio Chile 50.000 billion sum, but in Peru we can expect more projects,” he said. Are the mega Bambas (Xstrata) to 4.200 million, the expansion of Contaminate over 1.000 million, Toromocho (Chinalco) to 2.200 million, Antarctic (Xstrata) to 1.300 million, Minas Conga (Newton) with 2.800 million and Quetzalcoatl (Anglo American) with 2.500 million.
“This will generate the resources that the country needs to get out of poverty,” he said during the inauguration of the Third International Seminar on Equipment, Supplies, Services and Mining Machinery – Exponent 2010.
In this regard, he indicated that should promote the correct use of income generated by these mining projects through rents, royalties or other contributions. Also considered to be improving levels of safety and protection of the environment, which would make the country truly competitive.
“Not only do we want to be competitive in production or sales levels but also on aspects of poverty reduction, improved safety and environmental care,” said Gala.
Therefore, called on companies that provide equipment and supplies to the mining industry in Peru to work with producers miners in that line. “We are working on this but we need the support of all businesses. Only then, if we reduce poverty, ensure that mining is accepted by all people without exception and continue to grow as a country, “.