Cecovasa Coffee growers open new processing plant in Juliaca, Puno

Peruvian coffee farmers association Cecovasa has opened a new coffee processing plant in Juliaca, in the Peruvian region of Puno. The plant required an investment of PEN 3.50mn (EUR 864,692.34 USD 1.22mn) and has a production capacity of 200,000 quintals of coffee. It is designed to help coffee growers in the area improve their exportation capacity, reduce their costs and become more efficient and competitive.

Publication: Esmerk - News monitoring
Provider: Esmerk
January 28, 2010


Inversiones La Rioja to built Courtyard hotels in San Isidro and Trujillo

Peruvian group Inversiones La Rioja has announced that it plans to build two Courtyard hotels in Peru in the next two years, each requiring an investment of approximately USD 20mn (EUR 13.79mn). The hotels will be directed at the corporate sector and will be situated in San Isidro (Lima) and Trujillo (La Libertad). Each hotel will have between 120 and 150 rooms. The Courtyard brand belongs to the Marriott chain of hotels.

Publication: Esmerk - News monitoring
Provider: Esmerk
January 18, 2010


Luxury Properties plans to build second hotel in 2011

Italian hotel chain Luxury Properties has announced that it is planning to build its second hotel in Peru in 2011. It is likely that the hotel will be located in Lima. Luxury Properties has been operating Casa Cartagena Luxury Properties & Spa hotel in Cusco since 2008. The firm will invest USD 15mn (EUR 10.34mn) in three new hotels in Peru over the next five years.

Publication: Esmerk - News monitoring
Provider: Esmerk
January 13, 2010


Supermercados Peruanos to build 10 supermarkets in Peru this year

Peruvian retailer Supermercados Peruanos plans to build 10 supermarkets this year, reports its general manager Norberto Rossi.The supermarkets company plans to start operations in Juliaca (Puno) under the Plaza Vea format, at the new Real Plaza Shopping Mall.
They also will open at another Real Plaza locations, in Lima and in provinces as well, livinginperu.com reported.
Supermercados Peruanos opened its first Plaza Vea in Chimbote (Ancash) last Friday, a supermarket that required an investment of informó que Plaza Vea Chimbote les ha demandado una inversión de US $ 7.2 million dollars and has generated 210 regular jobs.
Supermercados Peruanos is a company with 100% Peruvian capitals, and the only one in Latin America that has an international HACCP certification, which guarantess the safety of its fresh foods.

Publication: Andina - English Newswire
Provider: Andina
Date: January 11, 2010


Cajamarca to receive 250,000 tourists in 2010

Cajamarca will receive nearly 250,000 domestic and foreign tourists this year, 40,000 more visitors than in 2009, regional tourism director Julio Palacios Matute said Wednesday.

He pointed out that there are good conditions to attract that number of tourists thanks to improvements performed at Cajamarca-Ciudad de Dios highway, and the air access with 3 airlines: LC Busre, LAN Peru and Star Peru.

"Also, we organize constant promotion campaigns in tourist fairs of Lima and others cities of the country, organized by the Ministry of Foreign Trade, thanks to the support of Peru's Tourism and Export Promotion Board (PromPeru)."

He said that there are 3 seasons when they receive more tourists: the traditional festival of carnival to be held next February; Holly Week celebrations in April and the National Holiday in July.
He said that from October to December, this area is visited by thousands of students in the traditional promotion trip once they finish the primary education and high school.
Palacios added that 210,000 tourists arrived last year and that visitors usually arrive to places like Baños del Inca thermal baths, Porcon Farm, colonial churches, among others.

Publication: Andina - English Newswire

Provider: Andina
January 7, 2010


Antamina approves US$1.3bn expansion

The board of Peruvian copper-zinc producer Minera Antamina has approved a US$1.29bn expansion project, the mine's owners announced Tuesday.Anglo-Australian BHP Billiton (NYSE: BHP), Anglo-Swiss Xstrata (LSE: XTA) and Canada's Teck (TSX: TCK) separately reported the plan to go ahead with a 38% increase in the processing rate to 130,000t/d.

The multinationals own 33.75%, 33.75% and 22.5%, respectively of Antamina. The remaining 10% is held by Japan's Mitsubishi. Each of the four partners has approved its respective share of capital expenditure, said BHP Billiton.

Output will grow by some 30% and the mine life is set to be extended six years to 2029, thanks to a 77% expansion of ore reserves to 745Mt completed in 2008.

Minera Antamina will borrow money and use cash flow to complete the project, said Teck.

Construction is due to start during the first quarter of 2010, with first output slated for late 2011 and commissioning for late 2012.

Works include expanding the concentrator plant, building a new 55km transmission line, enhancing water management and tailings storage systems and acquiring new mining equipment.

Antamina produced 74,600t of copper in 3Q09, down 14.4% year-on-year due to lower grades and recoveries. Zinc output rose by the same percentage to 109,600t and molybdenum production was more than halved at 1.5Mlb (680t).

The mine is in Peru's Ancash region.