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16 May, 2008 [ 13:20 ]
Peruvian Economy: 15 billion dollars in mining within next six years; Chile "very pleased"by performance
(LIP-do) -- Peru's Private Investment Promotion Agency (ProInversion) estimates that 15 billion dollars will be invested in the mining sector in exploration projects in the next five or six years, said today the agency's executive director, David Lemor.
During the opening ceremony of the First Investment Forum and Business Round of the European Union, Latin America and the Caribbean (EU-LAC), Lemor indicated that each year exploration projects increase considerably in number and extension in the country. He added that investment in mining exploration reached 475 million dollars last year.
The mineral richness of the Peruvian subsoil offers opportunities to explore and develop projects, but only ten percent of the Peru's mining potential has been explored and six percent has been exploited, he added.
Lemor also pointed out that the energy sector, hydrocarbons and the petrochemical development calls the interest of worldwide investors considering that Peru has reserves and excellent conditions for development of gas and petrochemical industries.
"We have the only source of natural gas in the South American Pacific region. The Camisea field with 13.40 trillion square feet (TCF) of proved reserves and it is even indicated the existence of higher reserves", he added.
In news also related to Peru's economic situation, Chilean president, Michelle Bachelet, said that her country is "very pleased" by the performance of Peruvian economy, since this will allow Peru to face the challenges in the current international context, during an intermission of the Plenary Session of the V Summit of Heads of State and Government of the European Union, Latin America and the Caribbean (EU-LAC).
Furthermore, Bachelet stated the opening speech made by Peru's president, Alan García, was "splendid" since it reflected the need to seek concrete goals to solve the main problems which affect every country. The Chilean president said she wishes that EU-LAC leaders will establish "specific goals" by the end of this summit.
Bachelet arrived yesterday in Lima to be part of the V EU-LAC Summit and held a business meeting today with his Bolivian counterpart, Evo Morales.
News Source: Andina
During the opening ceremony of the First Investment Forum and Business Round of the European Union, Latin America and the Caribbean (EU-LAC), Lemor indicated that each year exploration projects increase considerably in number and extension in the country. He added that investment in mining exploration reached 475 million dollars last year.
The mineral richness of the Peruvian subsoil offers opportunities to explore and develop projects, but only ten percent of the Peru's mining potential has been explored and six percent has been exploited, he added.
Lemor also pointed out that the energy sector, hydrocarbons and the petrochemical development calls the interest of worldwide investors considering that Peru has reserves and excellent conditions for development of gas and petrochemical industries.
"We have the only source of natural gas in the South American Pacific region. The Camisea field with 13.40 trillion square feet (TCF) of proved reserves and it is even indicated the existence of higher reserves", he added.
In news also related to Peru's economic situation, Chilean president, Michelle Bachelet, said that her country is "very pleased" by the performance of Peruvian economy, since this will allow Peru to face the challenges in the current international context, during an intermission of the Plenary Session of the V Summit of Heads of State and Government of the European Union, Latin America and the Caribbean (EU-LAC).
Furthermore, Bachelet stated the opening speech made by Peru's president, Alan García, was "splendid" since it reflected the need to seek concrete goals to solve the main problems which affect every country. The Chilean president said she wishes that EU-LAC leaders will establish "specific goals" by the end of this summit.
Bachelet arrived yesterday in Lima to be part of the V EU-LAC Summit and held a business meeting today with his Bolivian counterpart, Evo Morales.
News Source: Andina
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