Peruvian Economy Disappoints

Is this the curse of commodities export dependence at work? Peru's gross domestic product expanded 5.0% in May, lower than the expected 5.5 to 6.0% growth, the government announced last week. Barely two weeks earlier, President Ollanta Humala was remarking on Peru’s...

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Still Following Glencore

Merger with Xstrata will create new mining giant One trades and the other digs. So tweets BBC Business Editor Robert Peston about the pending merger of Glencore and Xstrata. The Financial Times confirms the merger, likely to be announced within days, will combine the...

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Peru’s Copper Exports Falter

But economic engine gathers steam for the long haul The Financial Times reports today that Peru’s government will name three international consultants to monitor the environmental impact of the $4.8-billion Conga gold and copper mine, the biggest single investment in...

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Peru Eyes Blueberries

Planting in the mountains for export markets in US, Europe, Asia The Peruvian government’s Sierra Exportadora agency announced that its demonstration blueberry plantation in Pichupampa should be shipping its first crop next year. The economic development program will...

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Copper Benchmark

Peru is poised to boost copper output as global demand outstrips supply Glencore, the commodities trader whose May initial public offering raised $10 billion, has just paid $475 million in cash to CST Mining Group for a 70% interest in Marcobre S.A.C., sole owner of...

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