Canada’s Plateau Energy Metals has raised nearly US$ 600 million to develop Peru’s sole lithium project and expects to start mining in 2023, a year later than planned, as the country lags its neighbors in developing the battery mineral, a company official said.
Peru’s Congress approved on Monday a motion to initiate a process to remove President Martín Vizcarra from office over corruption allegations, a month and a half after he survived a prior impeachment trial.
The Inca citadel of Machu Picchu, the crown jewel of Peru's tourist sites, reopened on Sunday with an ancient ritual after a nearly eight-month lockdown due to the novel coronavirus pandemic.
Peruvian archaeologists have uncovered a 37-metre-long cat etching in a little-explored area of the country's celebrated Nazca Lines UNESCO heritage site which is home to hundreds of gigantic geoglyphs dating back more than 2,000 years.
Peru resumed international flights on Monday that were suspended in March as part of emergency measures to contain the spread of the novel coronavirus. President Martin Vizcarra led the resumption of flights from the capital Lima's Jorge Chavez International Airport, saying health regulations were put in place to combat the risk of infections.
Peru's economy could plummet by more than 20% if unpaid consumer debts continue to mount, a scenario the government hopes to stave off with an emergency plan to reschedule troubled loans with state guarantees, the government said on Thursday.
More than 100 indigenous activists in Peru´s Amazon occupied infrastructure belonging to the state-run Petroperú pipeline, the company said, demanding improved social benefits and health care in the face of the coronavirus pandemic.
Peru's EMBIG (Emerging Markets Bond Index Global) spread stood at 183 basis points, while the EMBIG Latin America spread increased 52 bps to 494 bps on September 16-23, the Central Reserve Bank (BCR) has reported.
Peru’s Navy was carefully watching a fleet of around 250 Chinese fishing vessels that had sailed just outside the Andean country’s waters, angering the domestic fishing industry and sparking a Twitter war between Washington and Beijing.
Peru will push forward with a gradual reopening of its economy in October, allowing international flights to countries in the region and more people into its restaurants and stores, the government announced, provided coronavirus cases continue to fall.