103597 Peru Investment

7/17/2019 103597 Peru Investment

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PERU PETRO INVESTMENT FROM ONE ARTICLE

12/30/2008Peru signed some 100 exploration and production contracts in oil and nat’l gas in 2008

for investments of about $1.1 billion, sould see investments in its petroleum sector riseto $1.2! billion in 200"

#elo are details on petroleum investments in Peru in 200"% P&'()*+'-% COMPANY INVESTMENTS MLNS DLRS

Perenco 350

Pluspetrol 273

Pluspetrol Norte 30

Petro!Tec" #5

Ol$%p&c 50

'P( 50

Ot"ers #5

Tot)l *#3 E+PLORATION,

COMPANY INVESTMENTS MLNS DLRS

T)l&s%)n 00

Petro-r)s 37

'P( 30

.)r/en 23

'url&nton 20

M)ple 1

Petro!Tec" 2

Ot"ers *0

Tot)l 32

GENERAL PERU INDUSTRY NEWS FROM MANY ARTICLES

1/1/200" -itratos del Peru, a oint initiative of te Peruvian group #rescia and *ilesigdo oppers, proects to invest )( 0 million 45)& 6"3.m7 in te plant in order to produce ammonia and ammonium nitrate

1/16/200" ) oil compan #P9 5nerg proects to invest )( 8 million 45)& 6.!m7

in te Peruvian bloc: 9;1 in 200" in order to increase te drocarbons production andreserves tere,

1/16/200" *algar;based +alisman 5nerg 4-<5% +=>7 . n Peru, +alisman ill drill aell to appraise an earlier discover on bloc: 6. +e compan could begin drilling on bloc: 101 in 200" and ill continue ongoing seismic and aeromagnetic surves over bloc:s 101 and 136. +alisman as identified 13 prospects and leads in Peru

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1/16/200" -itratos del Per?, a oint venture formed b local group #rescia and igdooppers of *ile plans to invest )$0mn in Peru to develop a petrocemical proect.+e investment ould cover te construction of to plants, it startup sceduled for2011, to produce !10,000t/ ammonia and 30,000t/ ammonium nitrate for domesticconsumption, principall b te industrial and mining sector

1/13/200" >aple @as *orp, a subsidiar of ) >aple 5nerg Plc ill invest )( 161million in etanol production itin 68 monts of 'ct 2008. 5st. investment forfinaliAing is )( 222 million in 2010

1/13/200" @rupo &omero plans to launc its etanol proect in Bugust 200" it aninvestment of nearl )( 130 million.

1/13/200" Private investment in Peru ill total about )$2.!bn, .2bn in 200" and 2010in 200", for te development of ousing, construction and sanitation initiatives.+e sanitation industr ill attract some )$20mn. Cousing initiatives

ill total )$1.bn. nvestment in otel proects, on te oter and, is expected to total)$300mn tis ear. +e remaining proects to complete te )$.2bn include anadditional )$00mn in retail initiatives, )$8"8mn in ousing, )$100mn in otel proects, )$308mn in port or:s and )$1.bn in road concession initiatives

1/12/200" *ilean compan alfa*orp aims to build a )$10mn metal parts plant inPeru to ma:e draulic eDuipment and oter products for te transport, cement andmining sectors, according to =ima nespaper 9?Eiga added tat e anticipatedconstruction of te plant ill start in mid;2010

1/12/200" +e >inistr of 5nerg and >ines on ! Fanuar approved an agreement for

te installation, operation, and maintenance of a natural gas liDuefaction plant it tendian compan rradia, GandH ill be completed in (ecember

1/12/200" ).. fertiliser manufacturer *I ndustries as started engineering studies for a)$1;billion petrocemical proect in >arcona in soutern Peru

1/12/200" >exican compan is reportedl considering investing )$6 million in a proect to produce metane gas from a landfill site in te cit of +ruillo.

12/2/2008 Peruvian oil and gas promotion agenc Perupetro proects 5JP investments inte countr ill increase to $8.1 bn in 2010;2016 from $6.22 bn in 200;200". +is ill be mainl driven b eav crude ventures in te countrs nortern ungle region, naturalgas and condensate 5JP in and around te *amisea fields, and exploration of ligt oil inte nortest ungle region. >eanile, midstream and upstream investments in Peruinclude te $3.80 bn =-@ station, slated to come online in 2010K $1.60 bn in te>alvinas;lo port pipelineK $!00 > for te expansion of te -orperuano pipeline in2010;2012K $1.10 bn for te an Fuan de >arcona petrocemical complex in 2010;2012Kand $1 bn in te lo petcem complex in 2011;2013.#-Bmericas 'il J @as -es

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11/26/2008 Bn unnamed Bsian compan is interest in developing an etane petrocemicals proect in Peru tat could see investments reac )$3bn

COPPER NEWS FROM ONE ARTICLE

(1/14/2009)

-ote some of tese companies ma not be in Peru

P&'()*+'-%

(ec 31 ; 9iin >ining said it planned to team up it a maor sareolder to build a

copper refiner in Iuian province at a total investment of $381 million. Lill ave200,000 tonnes per ear 4tp7 capacit.

(ec 31 ; Fiangxi *opper *o =td said an eDuipment malfunction ould reduce productioncapacit b 20 percent at its main @uixi smelter. &epairs to an oxgen generator at te plant expected to ta:e more tan six monts to repair. *ould cut an annual rate of120,000 tonnes of blister.

(ec 30 ; *iles copper output fell .6 percent in -ovember to 662,8!2 tonnes, te -ational tatistics nstitute 4-57 said. 'utput from Fanuar troug -ovember tis earfell 3.! percent compared it te same period last ear to 6,8!",828 tonnes.

(ec 30 ; <unnan *opper *o =td said it as sut a 200,000 tp smelting facilit afterater lea:ed from a eating sstem on (ec. 26. +e incident forced te firm to bringforard a maintenance programme.

(ec 1! ; Bnglo Bmerican Plc said it ill cut spending b more tan alf in 200", but saidit remained committed to its >iciDuilla and Muellaveco proects in Peru.

(ec 8 ; umitomo >etal >ining *o =td said it ould loer copper production in tefirst Duarter of 200". *ompan as te capacit to produce 60,000 tonnes of copper aear.

(ec 6 ; Bntofagasta >inerals said it completed construction of te $00 million >aurotailings dam at its =os Pelambres copper mine, alloing it to extend te mines life.

(ec 3 ; -ippon >ining Coldings nc said it tin:ing of curbing copper output b 10;20 percent, ic it said ould be its first deliberate cut in at least 10 ears.



(ec 1 ; -orils: -ic:el said ill cut 200" copper output to 38,000;600,000 tonnes froma planned 620,000 tonnes in 2008.



SOURCES (ALL FROM FACTIVA SO NO LINS)

Peru !ee! 2009 "e#r$%eu& 'e!#&e#! u" *# +1,- .%

22! ords30 (ecember 2008%08 P> @>+&euters -es 5nglis4c7 2008 &euters =imited

=>B, (ec 30 4&euters7 ; Peru, or:ing to become an exporter of oil and natural gas,sould see investments in its petroleum sector rise to $1.2! billion in 200", tegovernment said on +uesdaPeru signed some 100 exploration and production contracts in 2008 for investments of

about $1.1 billion.Production investments next ear ill total $"63 million, ile tose for exploration illit $328 million, said petroleum agenc Perupetro, ic is in carge of luring foreigninvestment to te sector.Peru, ic exported petroleum until te 1"80s, as promising drocarbon deposits inte BmaAon basin, along its coast and offsore in te Pacific 'cean, according to tegovernment and energ analsts.President Blan @arcia as said repeatedl e ants to see Peru export petroleum again inte next tree ears.#elo are details on petroleum investments in Peru in 200"%P&'()*+'-% COMPANY INVESTMENTS MLNS DLRS

Perenco 350

Pluspetrol 273

Pluspetrol Norte 30

Petro!Tec" #5

Ol$%p&c 50

'P( 50

Ot"ers #5

Tot)l *#3

E+PLORATION,

COMPANY INVESTMENTS MLNS DLRS

T)l&s%)n 00

Petro-r)s 37

'P( 30

.)r/en 23 'url&nton 20

M)ple 1

Petro!Tec" 2

Ot"ers *0

Tot)l 32

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COPPERM*$r &*re# ee%$"&e#! ' De3e&.er

111 ords16 Fanuar 200"11%0 B>&euters -es5nglis4c7 200" &euters =imited

='-('-, Fan 16 4&euters7 ; *opper prices ma form a base near term as a continuedlac: of mine suppl continues to rein bac: metal production and prevent big stoc: builds.

*oppers fundamentals are not as bad as some of te oter metals. toc:s avent rebuilt

to an great extent and ere seeing cuts in mine capacit, said independent consultantBngus >ac>illan.

+is migt put a floor on te mar:et, but tere is still some donside potential, eadded.

ome analsts also believe tat *inese buing ill pic: up and boost sentiment.

*ina migt step up some purcases and give some support to te mar:et, said LillBdams of #asemetals.com.

Ce said tis, coupled it a bear mar:et rall, inspired b fres optimism as #arac:'bama ta:es office as ).. president, could pus prices up to a $3,00/3,800 a tonnetrading range near term.

Bt 16 @>+ te =ondon >etal 5xcange 4=>57 tree;monts copper price asindicated at $3,26/6 a tonne.

(avid +urtell, a strategist at *itigroup, said e expected te mar:et to be ell supportedfor no around te ig $2,000s to lo $3,000s.

Iurter aead it ould depend o te recession panned out, e said, ile pointing out

tat credit mar:ets ere freeing up graduall and governments ere implementingstimulus pac:ages.

#elo are some of te more significant recent developments in production, stoc:s and prices tat ma influence te direction of te mar:et in 200".

P&'()*+'-%



(ec 31 ; 9iin >ining said it planned to team up it a maor sareolder to build acopper refiner in Iuian province at a total investment of $381 million. Lill ave200,000 tonnes per ear 4tp7 capacit.

(ec 31 ; Fiangxi *opper *o =td said an eDuipment malfunction ould reduce production

capacit b 20 percent at its main @uixi smelter. &epairs to an oxgen generator at te plant expected to ta:e more tan six monts to repair. *ould cut an annual rate of120,000 tonnes of blister.

(ec 30 ; *iles copper output fell .6 percent in -ovember to 662,8!2 tonnes, te -ational tatistics nstitute 4-57 said. 'utput from Fanuar troug -ovember tis earfell 3.! percent compared it te same period last ear to 6,8!",828 tonnes.

(ec 30 ; <unnan *opper *o =td said it as sut a 200,000 tp smelting facilit afterater lea:ed from a eating sstem on (ec. 26. +e incident forced te firm to bringforard a maintenance programme.

(ec 30 ; +e launc of 9ambias *inese;built *ambisi copper smelter, ic isexpected to process 10,000 tp of copper, ill be delaed until Fanuar. ndustranalsts sa to or: stoppages b emploees of te smelter during its construction adforced te resceduling.

(ec 30 ; ndonesian copper output fell 2! percent to an estimated 80,"0 tonnes in 2008from !"!,600 tonnes in 200!, te countrs energ and mines minister said after=uansa *opper >ine 4=*>7 suspended operations.

(ec 2" ; 9ambia as as:ed foreign mining firms to use profits te made en copper

prices ere ig to :eep or:ing in te donturn, its central ban: cief said.

(ec 2 ; 9ambias on:ola *opper >ines 4*>7 as forced to suspend operations at its -canga smelter after a tecnical fault, officials said. *>, a unit of Nedanta &esourcesPlc said te smelter ad experienced disruption after a fault in its instrumentation sstem.+e plant as been undergoing commissioning since 'ctober and as a 300,000 tpcapacit.

(ec 23 ; +e orld refined copper mar:et as in a 120,000 tonnes surplus in te firstnine monts of 2008, compared it a !2,000 tonnes surplus in te same period a earearlier.

(ec 22 ; 9ambias government announced a near 2 percent cut in fuel prices, a movetat folloed pressure from copper producers, o ave been urt b te combination offalling metal prices and ig energ costs.

(ec 22 ; @(I ueA 5nerg Bndino, a unit of utilit ueA said it obtained $3"3 million infinancing to build a termoelectric plant to suppl energ to *iles *odelco. +o supplenerg to te firms ne @ab copper mine and te *uDuicamata mine as of 2010.



(ec 1" ; 9ambian copper production for te first nine monts of te ear rose ".3 percentfrom te same period in 200!, but ill not it a full;ear target due to problems in tesector, te &eserve #an: said.

(ec 1! ; Bnglo Bmerican Plc said it ill cut spending b more tan alf in 200", but said

it remained committed to its >iciDuilla and Muellaveco proects in Peru.

(ec 1 ; *ongo as slased copper output targets for te next tree monts b 30 to 60 percent as financing as dried up, forcing companies to dela development or suspendoperations, te deput mines minister said. G200"0116 1!006 @>+H

(ec 1 ; *ina produced 3,60",100 tonnes of refined copper in te first 11 monts of2008, up ". percent from a ear earlier, figures from te -ational #ureau of tatisticssoed. 'utput of mined copper rose b 16. percent to 88,00 tonnes over te same period.

(ec 11 ; Fapans Pan Pacific *opper *o =td ill cut runs 10 percent in Fanuar;>arcand ma increase tat to 20 percent. Lit te 10 percent cut, te firms copper output inte six monts to end of >arc ill amount to 2",000 tonnes, compared it initial plans of 310,00 tonnes announced in 'ctober.

(ec 8 ; Bnvil >ining =td said it as suspending copper output and sutting its (i:ulusimine in te (emocratic &epublic of *ongo 4(&*7. >ine as on trac: to ield annual production of about 11,000 tonnes of contained copper.

(ec 8 ; vanoe >ines said it as discovered a ne ig;grade gold and copper Aone atits 'u +olgoi proect in >ongolia. 'n (ec. 3 or: development or: at te mine said

to ave been cut to essential tas:s and 60 percent of te or:force laid off because offalling metal prices.

(ec 8 ; +e =umana copper mine in 9ambia as started preliminar copper concentrate production and plans to reac full output in te second alf of 200". >ine is oll;oned b Bustralias 5Duinox >inerals =td .

(ec 8 ; umitomo >etal >ining *o =td said it ould loer copper production in tefirst Duarter of 200". *ompan as te capacit to produce 60,000 tonnes of copper aear.

(ec 6 ; Bntofagasta >inerals said it completed construction of te $00 million >aurotailings dam at its =os Pelambres copper mine, alloing it to extend te mines life.

(ec 3 ; -ippon >ining Coldings nc said it tin:ing of curbing copper output b 10;20 percent, ic it said ould be its first deliberate cut in at least 10 ears.



(ec 2 ; Papua -e @uineas ': +edi copper mine as sold out all its production in 2008and 200", a compan official said, adding te operation as running profitabl despitesarp declines in metals prices.

(ec 1 ; -orils: -ic:el said ill cut 200" copper output to 38,000;600,000 tonnes from

a planned 620,000 tonnes in 2008.

P&*5

=>5 copper prices continued to fall in (ecember, ending te mont at $3,0"0 a tonne,don from $3,0 a mont earlier and a far cr from $," at te end of 200!.

ndeed, in earl Ful tree;monts copper reaced an all;time ig of $8,"60 a tonne.

+e mar:et recovered to $3,!0 a tonne in earl Fanuar, elped b te annual reiggingof commodit indices. +e impact as sort lived but it managed to recoup losses

prompted b te nes tat *inas tate &eserve #ureau 4&#7 as in no urr to bucopper.

n Ful, te tice;earl &euters base metals price poll G>5+/P'==H put te medianaverage for te =>5 cas copper price Q>*)0R at $8,06! a tonne in 2008 and $!,! in200".

+'*

=>5 copper stoc:s continued to build at a relativel fast pace in (ecember, reacing360,0 tonnes, up from 2"1,200 tonnes a mont earlier.

+e uptrend as continued in earl Fanuar and te remain at teir igest since earl2006.

+otal excange stoc:s of copper ere 38",82 tonnes at te end of last mont, up from322,!1 tonnes at te end of -ovember, amounting to almost eigt das of consumption.

43000 Stra users can access &euters >etal Production (atabase 4>P(7 b clic:ing onttp%//mpd.session.rservices.com Gttp%//mpd.session.rservices.comH. >P( detailsistorical and predicted output and capacit for bauxite, copper, lead, Ainc and goldmines, alumina refineries, aluminium, copper, lead and nic:el smelters and copper, Ainc,

lead and nic:el refineries beteen 1""! and 2012.7

4aren -ortonK edited b Peter #lac:burn7 G200"0116 1!063 @>+H

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(ocument =#B00000200"0116e1e001f



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*ilean compan alfa*orp aims to build a )$10mn metal parts plant in Peru to ma:edraulic eDuipment and oter products for te transport, cement and mining sectors,according to =ima nespaper (iario @estiVn.

+e plant ; to be built b subsidiar &evesol ; ill suppl domestic demand and

production ill also be exported to *olombia, NeneAuela and 5cuador, Iernando 9?Eiga,compan engineering and construction manager, as Duoted as saing.

9?Eiga added tat e anticipated construction of te plant ill start in mid;2010.

n *ile, alfa*orp is not involved in te metals sector but is one of te countrs largestome construction firms.

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(ocument L#-B0000200"0112e1c003s

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Private investment in Peru ill total about )$2.!bn in 200" for te development of

ousing, construction and sanitation initiatives, according to te president of te countrsconstruction camber 4*apeco7, =elio #alareAo.

+e callenge is to maintain investments. *onstruction sector representatives expect toinvest over )$.2bn in 200" and 2010 in ousing, construction and sanitation,#alareAo told state nes agenc Bndina.



+e sanitation industr ill attract some )$20mn tat ill include te construction ofa number of ater treatment plants.

Plants included in te investment proections are *erro Nerde 4BreDuipa region7, +aboada4=ima province7, >arcapomacoca 4FunWn7 and #aVvar 4Piura7.

Cousing initiatives ; ic also include te construction of potable ater and seeragenetor:s ; ill total )$1.bn.

Lor:s consist of developing and moderniAing office buildings, building ouses andapartments, and social ousing initiatives, among oters.

nvestment in otel proects, on te oter and, is expected to total )$300mn tis ear.Lor:s include te expansion of current facilities as ell as te construction of ne ones.

*ilean firms aga Ialabella, &iple, ParDue Brauco and *encosud, and Perus @rupo

nterban:, >aestro Come *enter, *assinelli and @rupo &omero ill invest )$600mn inte development of retail initiatives.

+e remaining proects to complete te )$.2bn include an additional )$00mn inretail initiatives, )$8"8mn in ousing, )$100mn in otel proects, )$308mn in portor:s and )$1.bn in road concession initiatives.

+e construction sector gre 1.X in 2008, and *apeco expects to continue tis trend in200", said #alareAo.

Coever, te executive added it is necessar to speed up tender processes, especiall in

te sanitation industr, as te aarding of contracts and actual or:s must be completedat a faster pace to :eep up it development plans.


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4B(P -es7 ; Fan 16, 200" ; ) oil compan #P9 5nerg proects to invest )( 8million 45)& 6.!m7 in te Peruvian bloc: 9;1 in 200" in order to increase tedrocarbons production and reserves tere, te compan said on +uesda.

#loc: 9;1 is located in te nortern region of +umbes and includes te *orvina and

Blbacora fields.

+e announced investment ill finance testing of *orvinas *S11;1( ell and tedrilling of tree development ells at *orvina, as ell as to ne ells at te Blbacorafield. +e drilling or:s at Blbacora ill start in te second Duarter of 200".

Production at *orvina as averaged approximatel ,"0 barrels of oil per da since te beginning of Fanuar 200".

#P9 5nerg recentl announced a deal to sell nearl 1! million barrels of oil from*orvina to te state;oned +alara refiner, operated b Perus state oil compan

Petroperu.

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*algar;based +alisman 5nerg 4-<5% +=>7 is planning ne drilling in *olombia andPeru during 200", compan *5' Fon >anAoni said in a conference call it investorsand analsts.

+e compan intends to complete te Curon;1 ell on te -iscota bloc: in *olombiaduring te ear.

Bnoter five additional ells could be drilled in 200" in *olombia, according to>anAonis presentation. +e compan acDuired sta:es in four ne bloc:s in *olombiaduring 2008 and operates to of tem.

+alisman as identified 1 prospects and leads in te countr.

n Peru, +alisman ill drill a ell to appraise an earlier discover on bloc: 6.

+e compan could begin drilling on bloc: 101 in 200" and ill continue ongoingseismic and aeromagnetic surves over bloc:s 101 and 136.



+alisman as identified 13 prospects and leads in Peru and could continue grot in tecountr troug bid rounds and farm;ins, according to te presentation.

Le ave noting on te doc:et rigt no on te acDuisition front, but e believeopportunities ill exist over te next 12;18 monts as credit issues ta:e old. Lell

consider acDuisitions if tere compelling and on strateg, compan *I' cott+omson said, not referring to an countr or region specificall.

+e sale of +alismans assets in +rinidad J +obago, meanile, is progressing, >anAonisaid.

+alisman based its 200" capital program on an estimated oil price of )$60/b and couldincrease its planned capital program if te price rises substantiall.


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Peruvian President Blan @arcWa revealed Lednesda tat a oint venture formed b localgroup #rescia and igdo oppers of *ile plans to invest )$0mn in Peru to develop

a petrocemical proect, te countrs state nes agenc Bndina reported.

-itratos del Per? is te oint venture created b #rescia and idgo oppers, it teformer olding 1X and te latter, troug its subsidiar 5naex, te balance.

+ese companies ave presented a proposal to install a petrocemicals production center in te sortest time possible tat ill add value to Peruvian gas, @arcWa as reported assaing after a meeting it te companies in te government palace.

+e investment ould cover te construction of to plants, it startup sceduled for2011, to produce !10,000t/ ammonia and 30,000t/ ammonium nitrate for domestic

consumption, principall b te industrial and mining sectors.

Bmmonia is used to ma:e fertiliAers and refrigerants, ile ammonium nitrate is used toma:e fertiliAers and explosives.

*onstruction ould create as man as 1,00 direct obs and once operational te plantcould emplo some 600 people.



Bn investment of )$0mn is an extremel important demonstration of confidence inte economic and political stabilit of Peru, te president said.

Le must turn tis ear of crisis for oter countries into one of advancement, productionand emploment for Peru.

='*B+'-

+e plant is expected to be installed in te cit of Pisco, in ca region in soutern Peru,and ill receive !2>f3/d from Brgentinas Pluspetrol, ic operates te *amiseanatural gas consortium in Peru, Bndina reported.

-itratos del Per? is currentl carring out environmental, tecnical and detailedengineering studies, as ell as te necessar paperor: for construction and operational permits, te report said.


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4B(P -es7 ; Fan 1, 200" ; Pluspetrol Peru *orp, a local unit of Brgentine oil companPluspetrol, ill suppl natural gas to a future ammonia plant of te local compan -itratos del Peru, -itratos del Peru said on Lednesda.

Pluspetrol Peru, ic leads te *amisea consortium exploiting Perus *amisea deposit,ill suppl !2 million cu ft 4to million cu m7 of natural gas a da to te plant tat is proected to be read in 2011.

-itratos del Peru, a oint initiative of te Peruvian group #rescia and *iles igdooppers, proects to invest )( 0 million 45)& 6"3.m7 in te plant in order to

produce ammonia and ammonium nitrate.

Pluspetrol Peru as also committed to suppl "" million cu ft of natural gas a da to afuture petrocemical plant of te ) firm *I ndustries due to be launced in 2013.

ource% 4(C/>/(C7

(ocument =B+-(00200"011e1f000p1



Peru !ee! $er USD -00& 'e!#&e#! ' .'$ue% "r$e3#! ' 2009

13 ords13 Fanuar 200"=atin Bmerica -es (igest 5nglis4c7 200" B (ata Processing =td. Bll &igts &eserved.

4B(P -es7 ; Fan 13, 200" ; +e agroindustrial sector ill invest at least )( 300million 45)& 22.m7 in biofuel proects in Peru in 200", agriculture minister *arlos=eton said esterda.+e investments include proects of te local conglomerate @rupo &omero and M*"%e

G*! C$r"$r*#'$6 * !u.!''*r; $ US M*"%e Eer:; P%3 (AIM5 MPLE),

T@e %*##er @*! !*' '# >'%% 'e!# *# %e*!# USD 141 &'%%'$ ' '#! "r$e3# $r e#@*$%"r$u3#'$ ' $r#@er Peru >'#@' 4< &$#@! r$& O3#$.er 200<. +e estimatedinvestment for finalising te proect, due in 2010, totals )( 222 million.@rupo &omero, in turn, proects to launc its etanol proect in Bugust 200" it aninvestment of nearl )( 130 million.4)( 1 T 5)& 0.!27ource% 4(C/B>/(C7(ocument =B+-(00200"0113e1d000b

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A!'* 3$&"*; 3$u% 'e!# US+-. ' e#@*e "e#r$3@e&'3*%! "r$e3#

1" ords26 -ovember 2008#usiness -es Bmericas 5nglis

4c7 2008 #usiness -es Bmericas 4#-americas.com7

Bn unnamed Bsian compan is interest in developing an etane petrocemicals "r$e3# in Peru tat could see investments reac )$3bn, state nes agenc Bndina DuotedPerus deput energ minister Pedro @amio as saing at te Bsia;Pacific 5conomic*ooperation 4BP5*7 meeting in =ima.+ere is a compan from Bsia tat is ver interested in developing an etane petrocemicals "r$e3#, ic could add 20 times more value tan te sale of gas as ara materialK it is ver good nes, @amio said.+e compan is interested in learning about natural gas exploration programs in te)caali basin.

@amio said tere is a ig probabilit tat in te next 26 monts te ill discover morenatural gas.+e 'e!#&e# in te "r$e3# could be )$2bn;3bn, it te final amount dependingon te siAe of te plant to be installed, te report said.ttp%//.bnamericas.com

F$re': C$&"*'e! M$e A@e* >'#@ G*! Pr$e3#! ' Peru

Fuliette err

300 ords12 Fanuar 200"@lobal nsigt (ail Bnalsis 5nglis*oprigt 200", @lobal nsigt =imited. Bll &igts &eserved.

+e >inistr of 5nerg and >ines on ! Fanuar approved an agreement for teinstallation, operation, and maintenance of a natural gas liDuefaction plant it te ndian

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compan rradia, according to a report b te state nes agenc Bndina. +e aim of te proect is to liDuef dr gas in order to allo it to be transported via specialised tan:ers toareas ere te pipeline netor: transporting gas from te *amisea field complex doesnot reac. Bccording to te report, rradia indicated tat te liDuefaction plant located in*ilca, to te sout of te capital, =ima, ill be completed in (ecember. +e proect ad

been approved b te regulator 'sinergmin last ear but as aaiting te construction permit from te >inistr. n oter nes te >inistr of 5nerg and >ines announced lastee: tat te ).. fertiliser manufacturer *I ndustries as started engineering studiesfor a )$1;billion petrocemical proect in >arcona in soutern Peru.+e proect comprises an ammonia plant it a production capacit of 2,100 tonnes perda and a 3,300;tonnes;per;da urea plant. eparatel a >exican compan is reportedlconsidering investing )$6 million in a proect to produce metane gas from a landfillsite in te cit of +ruillo. +ese investments come on top of te )$1.2!;billion;ortof investment tat is expected to be directed toard oil and gas exploration and production activities in te countr during 200", according to an announcement b testate oil agenc Perupetro in late (ecember.ignificance% +e ne investments eiter

under a or under consideration in Peru so tat te sector remains an attractivedestination for foreign investment, despite uncertaint created b te credit crunc andloer oil prices.(ocument L(B-0000200"0112e1c0006l

C*&'!e* e&*! USD ?00 &% 'e!#&e#

=a &epublica82 ords

31 (ecember 2008#. 5nglis Bbstracts 5nglisU 2008 # 4#usiness nformation stems7. Bll rigts reserved.

+e ministr of econom and finance of Peru announced tat te concession for teconstruction and operation of a natural gas termal poer plant in *amisea 4*usco7considers an 'e!#&e# of )( 00 million and a 30;ears contract. Bccording to teautorit, suc "r$e3# and te Bacuco gas pipeline "r$e3# demand an 'e!#&e# of)( 1.3 billion. Peru currentl as a proects portfolio estimated at )( 3 billion.10!"(ocument #5-B0020081231e6cv0000:

Peru"e#r$5 EP 'e!#&e#! #$ re*3@ +< . ' 201020145 Peru,

1 ords


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2 (ecember 2008#-Bmericas 'il J @as -es 5nglis4c7 2008 5lsevier 5ngineering nformation .ei.org

Peruvian oil and gas promotion agenc Perupetro proects 5JP investments in tecountr ill increase to $8.1 bn in 2010;2016 from $6.22 bn in 200;200". +is ill bemainl driven b eav crude ventures in te countrs nortern ungle region, naturalgas and condensate 5JP in and around te *amisea fields, and exploration of ligt oil inte nortest ungle region. >eanile, midstream and upstream investments in Peruinclude te $3.80 bn =-@ station, slated to come online in 2010K $1.60 bn in te>alvinas;lo port pipelineK $!00 > for te expansion of te -orperuano pipeline in2010;2012K $1.10 bn for te an Fuan de >arcona petrocemical complex in 2010;2012Kand $1 bn in te lo petcem complex in 2011;2013.#-Bmericas 'il J @as -es#usiness -es Bmericas =tda, ebsite% ttp%//.bnamericas.com

(ocument #-B'@B0020081218e6c200008

>5> reported tat te most important &'': proects tat received approvals ere for proects at =a @rana presented b &io +into Peru, te *onga "r$e3# presented b<anacoca and te 5B modification "r$e3# :non as capacit extension 320 , presented b Notorantim >etais.

C*"e3$5 F'*3': $r US+=,?. ' "r'*#e ''#'*#'e! *%re*; $.#*'e 1 ords16 Fanuar 200"#usiness -es Bmericas5nglis4c7 200" #usiness -es Bmericas 4#-americas.com7

Iinancing for te )$.bn in private investments proected for te next to ears isguaranteed, te president of Perus construction camber *apeco, =elio #alareAo, told#-americas.

Private investments are expected to exceed )$2.!bn tis ear, ile te remaining)$3.8bn is slated to be invested in 2010.

+e financing for tese proects as alread been obtained, said #alareAo, ic meanste proects ill not suffer delas, in spite of te global financial crisis.

'ne of te maor problems faced b =atin Bmerican countries at te moment is tat ilegovernments are announcing infrastructure plans to generate emploment and combat tecrisis, te are aving a ard time getting te financing to carr out tese programs.

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http://www.ei.org/


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Private investments in te countr include ousing, construction and sanitation initiatives,suc as te construction of treatment plants 4)$20mn7, port improvements4)$308mn7 and road concessions 4)$1.bn7.

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UPDATE 1Cr'!'! @'#! !$&e Peru &'': "r$e3#!6 $#@er! !*e

# +err Lade and (ana Iord00 ords3 -ovember 20083%01 P> @>+

&euters -es 5nglis4c7 2008 &euters =imited

4Bdds context, oter proects7=>B, -ov 3 4&euters7 ; nca Pacific delaed its >agistral proect on >onda, te latestsign tat miners, especiall small ones, are struggling to bring proects into production asfinancing dries up and metals prices drop.nca Pacific, a Peru;focused unior tat earlier tis ear as seen as a potential ta:eovertarget for global miners, said it canceled an order for a ball mill, postponed an neorders for long lead time eDuipment, and delaed te upgrade of a road to te mine.

t blamed te international financial crisis.+ese decisions ma impact te commencement of commercial production, tecompan said. nca Pacific as an obligation to place te >agistral propert into production no later tan (ec. 31, 2011. Iailure to meet tis deadline ma result in teloss of a :e portion of te >agistral propert.nca Pacific, ic ad $1!.3 million in or:ing capital at te end of Bugust, said it illas: te Peruvian government to extend te deadline because tigtening of credit mar:etsare beond its control.=i:e nca Pacific, outern *opper *orp , *andente &esources , tri:e &esources =td and -emont >ining *orp ave complained of aving to reexamine or dela teir proects in Peru because of te global crisis.outern *opper as said plans for its =os *ancas ould be evaluated, and tat it maconsider dipping into dividends for proect funding.*andente, a *anadian;based copper compan, is loo:ing for a oint venture partner for its*anariaco copper, gold and silver proect in Peru.+o iron ore proects in Peru of Bustralian miner tri:e &esources ave been delaed bfunding trouble.


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Bnd -emont, one of te orlds largest gold miners, as said its >inas *ongas proectin Peru, a gold and copper deposit, is under revie until e understand te impact of teglobal financial crisis.BI5 P&'F5*+Lile te crisis as raised doubts about a number of mining proects, some are still

developing as planned.=ast ee:, precious metals miner #uenaventura said it is moving aead it its =a 9anagold proect, ic is slated to start production in 2010.outern *opper as promised te crisis ill not stall plans to develop its +ia >ariacopper propert and to expand on +oDuepala.*inas *inalco is moving aead it its +oromoco mine, a $2.2 billion copper proect,tat could boost Perus annual copper output b 2 percent.>ining giant Sstrata is on trac: developing te =as #ambas copper proect, set to start production in 2013 or 2016, and its Bntapacca copper mine.Bnd @old Iields =td , te orlds fourt largest gold miner ic in 'ctober opened*erro *orona, its $0 million gold and copper mine in nortern Peru, as said its plans

are full funded. 45diting b *ristian Liessner7>5+B=;P5&)/-*BPB*I* 4)P(B+5 17O=B-@5-OB#-O5O&#-O(O>O*O>+=O)O)O&-PO(-P(ocument =#B0000020081103e6b30018"

MEM5 1?0 3er#''3*#e! $r EIA "r$e3#! *""r$e ' 200<

180 ords12 Fanuar 200"

#usiness -es Bmericas 5nglis4c7 200" #usiness -es Bmericas 4#-americas.com7

Perus mining and energ ministrs 4>5>7 environmental and mining issues office4(@BB>7 granted 10 environmental certifications for various environmental impactassessments last ear up to (ecember 1, of ic 13" correspond to categor 1 miningexploration activities, according to state nes agenc Bndina.+e main obective is te protection of te environment in te initial pases of miningactivit, simplification of administrative tas:s and improved legal securit for ig ris:economic activities suc as mineral exploration.>5> reported tat te most important mining proects tat received approvals ere for proects at =a @rana presented b &io +into Peru, te *onga proect presented b<anacoca and te 5B modification proect :non as capacit extension 320 , presented b Notorantim >etais.(uring 2008 a la as approved giving citiAens ne rigts in te permitting process formining proects.










+e (@BB> and a *anadian cooperative named as *ooperativa *anadiense alsoformulated a ne initiative on limits to effluents and emissions it te obective ofadopting stricter international standards.ttp%//.bnamericas.com (ocument L#-B0000200"0112e1c0061

M$Ar3 C$r"$r*#'$ (MONA) Peru M'': C@'* U"*#e

381 ords1! -ovember 20086%22 P> @>+P& -esire 4)..7 5nglis*oprigt U 2008 P& -esire Bssociation ==*. Bll &igts &eserved.

#5F-@, -ov. 1! /P&-esire;Iirst*all/ ; >on Brc *orporation.monacorporation.com P-C55+% >'-B.P is pleased to announce tat it ascompleted its due diligence on te Peru mining proect and tat it is in te final stages offinaliAing te transaction it te principals of te Peru mining proect. +e companill issue various due diligence reports and its findings via filings on pin: eets on tis proect to its sareolders and folloers. +is ill also be folloed up it a ne ebsite tat is entirel mining based.+e compan expects to close tis transaction itin te next !;10 das and does notforesee an delas or complications.>r.<ves <ang a spo:esperson it te compan said as previousl announced Le

continue discussions it an alread establised mining compan o continues toexpress serious interest in our ne Peruvian mine venture. +al:s are also on going it a*inese educational scool for te PP3.*om assets. Le remain focused and aremoving on bot fronts it bot of tese deals, meaning sale of assets of PP3 andmerger it te Peruvian mining compan. &ealisticall spea:ing it is Duite possible tat bot of tese transactions ma ver ell come to fruition b te end of tis Duarter+e compan ill provide furter updates as te become available. +e compan alsoexpects to ma:e a series of dividend paments previousl announced ver sortl as ell.@et te Iacts &igt. +e issuer or:s ard to continue to :eep our sareoldersinformed, and nes is updated freDuentl via Press &eleases, Pin: eet.pin:seets.com filings, and updates to our ebsites. 'ter ebsites not sponsored,or recogniAed b te *ompan ma provide misleading or disinformation to investors inorder to manipulate trading patterns for a given stoc:. Blas loo: for original contentfrom trusted sources, rater tan reling on excerpts or discussion boards tat ma notgive ou te ole stor. +e ecurities and 5xcange *ommission reDuires financialinstitutions or bro:erage firms to provide teir clients it documentation, describing teris:s of investing in penn stoc:s.*'-+B*+% Ior corporate matters contact% corporateYmonacorporation.com')&*5 >onBrc *orporation 4>'-B7



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Ior corporate matters contact% corporateYmonacorporation.com2008111!1122P&Z-5LZ)P&ZZZZZ+'3.xml(ocument P&-000002008111!e6b00

M$Ar3 (MONA) Are* SA Peru M'e F'%':!

6 ords -ovember 20083%8 P> @>+P& -esire 4)..7 5nglis*oprigt U 2008 P& -esire Bssociation ==*. Bll &igts &eserved.

#5F-@, -ov. /P&-esire;Iirst*all/ ; Iurter to te compans >onBrc*orporation 4>'-B7 .monacorporation.com nes announcement on variousexpansions and grot strategies te compan is pleased to provide te folloing updateto its sareolders and folloers on te Peru mining pending merger.+e compan as completed a set of filing it Pin: eets including a compreensive business description on te Peru targeted merger candidate. +is is a compreensivedocument tat describes in eas to understand terms te potential tis proect ma ieldto te compan.+is document is currentl visible from te Pin: eets ome or index page but alongit oter filings dating from 'ctober 28t are not visible under te compans filing+ab. +e compan as informed Pin: eets of tis and expects te error to be corrected

sortl. +e compan also intends to post te same document on its eb site.monacorporation.com sortl.+e management of >on Brc ill be conducting teir final revie and a psicalinspection of te Peru site from -ov 16 to -ov 2t and ill report bac: promptl. +ecompan continues to discuss bu out proposals for its existing operating subsidiarPP3. ince announcing te Peru mining proect, te compan as also received oterunsolicited and someat attractive proposals for tis proect as ell ic are underconsideration.n oter corporate events, te compan ac:noledges its sareolders reDuests and illsortl be ma:ing formal announcements of te pa dates, and oter relevant details ofeac and ever previousl announced dividend. +ose documents and instruments arecurrentl being organiAed, funded and finaliAed in concert it te compans transferagent Ceritage +rust.afe Carbor statement under te Private ecurities =itigation &eform Bct of 1""%*ertain information contained in tis release contains forard;loo:ing statements tatinvolve ris: and uncertainties, including but not limited to, tose relating to developmentand expansion activities, domestic and global conditions, and mar:et competition.@et te Iacts &igt. +e issuer or:s ard to continue to :eep our sareoldersinformed, and nes is updated freDuentl via Press &eleases, Pin: eet









.pin:seets.com filings, and updates to our ebsites. 'ter ebsites not sponsored,or recogniAed b te *ompan ma provide misleading or disinformation to investors inorder to manipulate trading patterns for a given stoc:. Blas loo: for original contentfrom trusted sources, rater tan reling on excerpts or discussion boards tat ma notgive ou te ole stor. +e ecurities and 5xcange *ommission reDuires financial

institutions or bro:erage firms to provide teir clients it documentation describing teris:s of investing in penn stoc:s.*'-+B*+% Ior corporate matters contact corporateYmonacorporation.com')&*5 >onBrc *orporation 4>'-B7Ior corporate matters contact corporateYmonacorporation.com2008110108P&Z-5LZ)P&ZZZZZ+'38.xml(ocument P&-000002008110e6b0083r

PERU5 STATE MOVES PEOPLE IN DROVES TO LET MINERS GET

MINERALS

# >ilagros alaAar1,610 ords20 -ovember 2008nter Press ervice 5nglis4c7 2008 @lobal nformation -etor:

=>B, Peru, -ov. 1", 2008 4P/@-7 ;; >ainl indigenous peasant farmers facerelocation because of te expansion of te mining industr in te iglands of souternPeru.

Fust imagine oure told ou ave to leave our ouse, our livestoc:, te graves of our loved ones, and ten te ta:e ou to an unfamiliar place itout even as:ing ou atou tin: about it. Co ould ou feel[ as:s 5duardo ueldo, te local environmentdelegate in a iglands village in soutern Peru.+e concessions te state as granted to mining companies ave gron more tan !0 percent in te last fe ears as a result of te soaring international demand for mineralsand te subseDuent boom in prices.Peru is no te orlds second leading producer of silver, fift of gold, and tird ofcopper and Ainc.#ut because tose minerals are often found under land ere people live, entire villagesand tons are slated for relocation.+e most egregious cases are te ton of *erro de Pasco, in te central department4province7 of Pasco, ere te Peruvian firm Nolcan operatesK te ton of >orococa inte central department of FunWn, ere te *inese compan *inalco plans to mine forcopperK and te rural district of Iuerabamba, in te department of BpurWmac in te sout,ere Sstrata *opper ;; te orlds fourt;largest copper producer, ic forms part ofte itAerland;based Sstrata ;; operates te =as #ambas mine.=iving on te edge ;; of an open pit mine


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n *erro de Pasco, a mining ton of !0,000 located at 16,380 feet above sea level, 11,000families are to be immediatel relocated.+e ton sits next to a gaping open pit mine, ere Nolcan is mining for Ainc. Bnd teexpansion of te compans Plan = proect to mine for silver and lead as ell ill orsente alread absmal living conditions of te local population.

5igt;five percent of te omes along te edge of te open pit mine are at ig tomedium ris: of ealt problems, according to a 200 report b te governments *ivil(efense nstitute.Cealt >inistr studies carried out in 200, 200 and 2008 found tat a maorit ofcildren and pregnant omen in te area ad blood lead levels exceeding 10 micrograms per deciliter of blood 4mcg/dl7, te acceptable limit set b te Lorld Cealt 'rganiAation.n >a, te Peruvian *ongress passed a la to relocate *erro de Pasco for reasons ofpublic need and national interest, but te executive branc raised obections to te billand sent it bac: to te legislature. Coever, te discrepancies are about to be overcome,said legislator @loria &amos, o sponsored te bill.#ut on ept. , *erro de Pasco >aor +ito Nalle signed an agreement it Nolcan for te

relocation to go aead, ignoring te opinions of te ton councilors, and itoutconsulting local residents.+e maor agreed to grant te compan about 2! acres itin te cit limits for teexpansion of te Plan = mine in excange for $10 million for te replacement ofistorical monuments and anoter $8 million for several proects and remodeling or:over te space of tree ears.&amos said te ridiculousl small sum ill onl provide $!2! to invest in eac of teousing units to be built for te 11,000 families o ould ave to be moved, ile tecompan itself ill reap enormous profits from te expanded mining proect.+e draft legislation passed in >a but not et signed into la estimates tat b reDuiringte compan to and over 10 percent of its profits, $,800 could go into eac ousingunit ;; eigt times more tan at as establised in te agreement accepted b temaor.)nder te agreement reaced it te cit government, te mining compan continuesto ave complete control over te negotiations, because it is te one calling te economic, political and social sots in te face of te maors ea:ness and is failure to obtain amore eDuitable and fair deal for te population, &amos said.+e problem is tat te government of President Bl\n @arcWa is asing its ands of tematter b failing to participate in te negotiations beteen tis uge corporation and telocal residents, said Fos] de 5cave, te ead of te mining and communities program of *ooperBcciVn, a local non;governmental social development organiAation.Lat is appening ere is an asmmetrical negotiation beteen a large compan andlocal tonspeople, ile te state sould be plaing a :e role in participating, to elpeven out te terrain, de 5cave said.*ircumventing te autorities*inalco 4Bluminum *orporation of *ina7, ic operates in >orococa, as ignoredsocial organiAations and circumvented te local autorities, according to de 5cave, andis directl negotiating te relocation operation it eac famil due to its need to beginits open pit copper mining proect as soon as possible.

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n >orococa, located at 16,63 feet elevation, copper is still extracted in undergroundmines. +e ton gre up around a mining camp on top of te copper deposits, icave ad different oners, li:e *inalcos predecessor, >inera Per? *opper .B.>orococa >aor >arcial alom] said tat in Ful 200, e as:ed te compan to sign aframeor: agreement tat ould provide an opportunit for progress for te communit,

and get te relocation process going smootl.#ut so far tere as been no formal response from te compan. +e sa te agree, but its onl ords, noting ritten, e said.+e representatives of *inalco told te media tat te resettlement process sould becarried out in 2011, it an investment of $60 million for te construction of 1,200ousing units.#ut tere is no information on at role te various government bodies at different levelsill pla.+e maor as reDuested te support of te central government and te >inistr ofLomen and ocial (evelopment, ic b la as te obligation to act as a mediator inrelocation cases involving development proects.

n &amos vie, despite te legislation tat reDuires te involvement of te >inistr ofLomen and ocial (evelopment, at is needed is a broader la containing basiccriteria to guarantee te rigts of affected populations, based on international standardsestablised b te )nited -ations and te Lorld #an:.&elocating from te countrside)nli:e in te urban areas of *erro de Pasco and >orococa, te mining operations ofSstrata in BpurWmac in te sout involve te resettlement of campesinos 4peasants7 fromte rural communit of Iuerabamba, o depend on farming and small;scale livestoc:raising.NWctor -oa *corpona, a oung villager from Iuerabamba, tat is communit as littleinformation on te resettlement plans, over ic it is divided.+e older campesinos attaced to teir traditions and tose o ave large fields of cropsand pasture land ould prefer to sta, ile te ounger farmers ould not mind startinga ne life elseere, if te compan gives tem obs and provides an education for teircildren.#ut tere is an added dimension, ic ma:es te situation even more complex% te people of Iuerabamba ave a reputation as livestoc: rustlers, and relocating tem ill not be eas, because oter villages in te area do not ant tem as neigbors.Le are used to living out on our land, and no te sa te ant to build us an urbansettlement e dont :no at is going to appen, said 5duardo ueldo, teenvironmental delegate in *oDuecca, a village next to Iuerabamba.*oDuecca is also facing an uncertain future because it lies itin Sstratas area of proected operations.Bltoug te relocation ould appear to be imminent, because te copper deposits liedirectl beneat Iuerabamba, te ne situation created b te global financial crisiscould dampen te sense of urgenc.Pointing to te recent fall in minerals prices, Fos] =uis =VpeA Iollegatti, an expert itte *ivil =abor Bssociation ;; a private nonprofit group tat promotes sustainabledevelopment b means of environmental proects in soutern Peru ;; said miningcompanies ma no modif earlier decisions and postpone te start of ne proects.



n de 5caves vie, sloer expansion of te mining industr ould provide anopportunit for te companies to redefine teir social policies toard te local populations in te areas ere te operate, in order to incorporate sustainabledevelopment obectives in future agreements.(ocument P&000020081120e6b:0000g

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