Peruvian programmers in great demand

Global demand of Peruvian programmers is highly increasing due to their high technical level, reported Wednesady the Peruvian Association of Producers of Sotfware (Apesoft).

This also implies better wages for these programmers, pointed out the President and General Manager of Apesoft, Yosif Humala.

"Latin-American and European companies are increasingly demanding Peruvian professionals who work in software creation and development because of their computer skills", the President of Apesoft said.

In this respect, he emphasized that Peruvian programmers' jobs is one of the most valuable in world software market for its productivity and qualification.

"Countries such as Argentina, Uruguay, Chile and Spain demanded these services last year," he stated.

Microsoft Peru announced Wednesday his free assistance to 100 local emerging companies in the software creation and development in 2009.

This US$ 500,000 investment project will allow small business owners to generate technology for their administrative and accounting processes.

Publication: Andina - English Newswire
Provider: Andina
January 29, 2009


Fortuna increases silver production at Peru's Caylloma mine

Fortuna Silver Mines Inc. reported 2008 production performance figures and provide a 2009 production guidance for its Caylloma Mine, located in southern Peru.

The Mine produced 889,782 ounces of silver, an increase of 85% compared to 2007. For 2009 the Company anticipates silver production of 1.6 million ounces, an expected increase of 80% compared to 2008.

A Technical report on Reserves and Resources for the Caylloma mine is available on the Company's website at www.fortunasilver.com.

Mr. Jorge Ganoza, CEO of the Company, commented: "Our team at Caylloma has done a superb job in delivering sustained metal production growth since the start of mining in late 2006. For 2009 we plan this growth to continue. The expected increase in silver is the result of our successful investments in exploration and development of new bonanza style silver veins which began contributing to production in the fourth quarter of 2008."

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America.

The company's primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico

Publication: Andina - English Newswire
Provider: Andina
January 27, 2009

Colombia's Ecopetrol plans to buy Petro-Tech

Colombia's state oil company Ecopetrol SA is planning to buy Petro-Tech Peruana SA, Peru's third-largest crude oil producer, Colombian Mining and Energy Minister Hernan Martinez said on Monday.

Ecopetrol, which is exploring for oil in Peru's northern jungle with Brazil's Petroleo Brasileiro SA and Petroleos del Peru SA, plans to increase investment in Peru's oil and natural gas industry, Martinez told reporters at the Presidential Palace in Lima after meeting with Peru's President Alan Garcia.

"We're studying whether to buy Petro-Tech," Martinez said. "Ecopetrol aims to invest in the long term despite the financial crisis."

Ecopetrol plans to spend $60 billion by 2015 to meet its goal of pumping 1 million barrels a day, up from this year's 650,000 barrels, and to more than double its refining capacity. Of $6.2 billion in planned spending for next year, including $1 billion for exploration, $2.72 billion for boosting output and $870 million for acquisitions, the company's president, Javier Gutierrez, said Dec. 18.

Petro-Tech, a unit of Houston-based Offshore International Group, produces 11,000 barrels per day of crude and 15.6 million cubic feet of gas. Argentina's Pluspetrol SA and Rio De Janeiro- based Petroleo Brasileiro SA are the largest oil producers in Peru.

Publication: Andina - English Newswire
Provider: Andina
January 27, 2009


Tourism and investment projects in Piura, Peru to be promoted in Spain

Peruvian Congress member Rosa Venegas Mello will travel to Spain to promote in the cities of Madrid and Barcelona several investment opportunities, from agribusiness to tourism projects, in favor of the department of Piura, at the north of Peru.

The legislator along with other 15 Peruvian congress members from different parties will promote, among the Iberian authorities, the investment opportunities for the High Piura Hydroenergetic and Irrigation Special Project, in the framework of bilateral relations between Peru and Spain.

"Spanish entrepreneurs will be interested in the several investment opportunities that Piura has such the High Piura Project as well as the Bayovar Phosphates Project and the tourism potential that it has," the congressman said.

Piura is located at the north of Peru, precisely at 1,000 Km from the Piura capital city of Lima. It is known as one of the richest regions of the country because of agriculture tourism metallic and agriculture, tourism, non metallic mining, fisheries and dry forest potentials.

Piura has many tourist attractions. One of the best known is Colan beach. Colan beach is a very long beach with warm waters. Local people like to go there during holidays.

The coast of Piura offers many diverse attractions. Máncora, located close to the Piura-Tumbes border, is a small cove with beautiful beaches much prized by surfers, fun loving youths, and entire families.

Toward the south lies Cabo Blanco, famous for the people cut from the same cloth as Ernest Hemmingway, attracted by ocean fishing for marlin, swordfish, and grouper.

Today, it is the perfect place to surf since some of the best waves in Peru are found there. Colán is the main beach resort for the inhabitants of Piura, lovely for its typical wooden houses set upon pylons at the edge of the sea.

Publication: Andina - English Newswire
Provider: Andina
January 24, 2009


Samcorp's Sinomaq selling Chinese tractors

As part of its diversification, Grupo Samcorp, made up of 15 firms linked in the main to the hostelry and entertainment sectors, has entered into the area of Chinese capital-goods sales via its firm Sinomaq.

It has announced the news that it has been made the official distributor of Chinese tractor brand YTO whilst Pedro Aguado, general director of the firm, says that Sinomaq will also sell YTO mining and construction-sector machinery, XTMG industrial machinery and HGVs in association with FAW. The firm has invested US$7mil in this new venture and hopes to post year-2009 revenues of US$20mil (a total it would look to double in 2010).

Publication: SABI - Business News
Provider: South American Business Information
January 18, 2009


Irradia receives go-ahead for Chilca plant

Peru's Ministerio de Energia y Minas (MEM) has approved an agreement for the installation, operation and maintenance of a gas-natural processing plant by the firm Irradia. The latter will liquefy dry natural gas and sell the liquid natural gas on the Peruvian market as of December 2009, notes company president Willy Neustadlt, when the liquefying plant soon to go under construction in Chilca is ready. Irradia has already sealed supply deals with 15 firms in areas not reached by existing natural-gas distribution networks including SAB Miller with plants in Trujillo (La Libertad), Chiclayo (Lambayeque) and Cajamarca and Minera Yanacocha (in Cajamarca) and dairy group Gloria.

Publication: SABI - Business News
Provider: South American Business Information
January 9, 2009

BPZ Resources signs $1.3 billion crude oil sales contract with PetroPeru

Oil and gas exploration and production company BPZ Resources Inc. has signed a seven-year, $1.3 billion crude oil sales contract with PetroPeru. BPZ shares tumbled $1.38, or 16.5 percent, to $6.99 in morning trading.

The PetroPeru deal covers the sale of 17 million barrels of oil at an average price of about $65 each.

BPZ noted that commodity price fluctuations and production levels will determine the actual number of barrels sold and the corresponding term of the PetroPeru contract.

Under this agreement, oil will be delivered from the company's Corvina field in northwest Peru to the State-owned Talara refinery.

"This long-term contract gives us a secure market for the sale of oil from our Corvina field," Zuniga said Friday. "This long-term contract is another important piece on our ongoing growth and development, as well as providing support to our pending financing with Natixis."

Publication: Andina - English Newswire
Provider: Andina
January 9, 2009