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Peru receives $5.7 billion in investment offers
September 29, 2011
On Wednesday Peru’s Prime Minister Salomon Lerner, said the Peruvian government has received investment offers of about $5.7 billion, mainly in mining, natural gas, and hydroelectric projects.
"We’ve been receiving foreign visitors with much interest," said Lerner according to Gestión.
Among the offers, Lerner announced an investment of $3.2 billion from Brazil's Votorantim - the world's third largest producer of zinc - over the next five years.
Votorantim controls major Peruvian zinc mining company Milpo and the Cajamarquilla zinc refining plant in Peru, which is the second largest producer of zinc in the world.
Peru is a major producer of metals and mining exports represent the largest export revenue of the country.
Lerner also said that in early 2012 Nitrates, from Peruvian company Brescia, would begin a petrochemical project with an investment of $800 million dollars.
The Prime Minister also said that a private company, whose name he declined to name, would soon announce a $1.7 billion investment to build a hydroelectric power plant in the Valley of the Ene and Apurimac River (VRAE).
Lerner said the state could participate with an investment in the energy project, in part because the VRAE is an area where there is no government presence, and where the remnants of the Shining Path guerilla group run a drug trafficking operation.
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