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Marco Aquino

Thousands of Venezuelans head to Peru to beat residency deadline

30 Oct 2018

LIMA At least 6,000 Venezuelans lined up at Peru's northern border on Tuesday in hopes of entering the country before a deadline for acquiring residency, and another 4,000 were due to arrive in the next two days, Peru's ombudsman's office said.

Peru's Congress renews confidence in cabinet in rare victory for president

20 Sep 2018

LIMA Peru's opposition-run Congress renewed its confidence in the government of centrist President Martin Vizcarra late on Wednesday, averting a political crisis that would have cost him his cabinet and triggered new legislative elections.

CORRECTED-Nexa says to invest $1.17 bln in Peru, Brazil in five years

17 Sep 2018

LIMA, Sept 14 Brazilian mining company Nexa Resources plans to invest some $1.17 billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porto said on Friday.

Nexa says to invest $1.17 billion in Peru, Brazil in five years

15 Sep 2018

LIMA Brazilian mining company Nexa Resources plans to invest some $1.17 billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday.

Peru minister proposes making tax benefit for miners permanent

06 Sep 2018

LIMA Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer.

Peru minister proposes making tax benefit for miners permanent

06 Sep 2018

LIMA, Sept 6 Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer.

Dozens of Venezuelans in Peru seek to return home despite crisis

06 Sep 2018

LIMA Dozens of Venezuelans who fled their crisis-stricken country for Peru are seeking to take up a Caracas offer to fly them home, as Venezuelan President Nicolas Maduro seizes on hardships migrants face abroad to shore up domestic support.

Foreign firms offer to help ex-Peruvian copper workers buy smelter

14 Jul 2018

Former workers from Peru's La Oroya metallurgical plant have teamed up with a consortium of Chinese and Swedish companies to buy the dormant mining complex and a small copper mine in partnership for some $139 million, a union leader said on Friday.

Peru central bank to ease dollar reserve requirements in July

29 Jun 2018

LIMA, June 28 Peru's central bank said on Thursday it would reduce reserve requirements for dollar deposits to 35 percent from the current 36 percent, beginning in July, in an effort to boost credit and liquidity in local markets.

Peru's new finance minister sees growth quickening to 4 percent this year

15 Jun 2018

LIMA Peru's new finance minister told Reuters on Thursday he thinks the economy will grow by about 4 percent this year, faster than the government's current view of 3.6 percent, thanks to recovering business confidence and investments.

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