Eduardo's Feed
Jul 1, 2010

Fossil of mega-toothed killer whale found in Peru

LIMA (Reuters) – The fossil of a giant whale called Leviathan for having teeth bigger than a grown man’s forearms has been found in Peru by paleontologists who on Thursday said it may have been the largest predator to ever roam the seas.

Leviathan Melvillei, which was named after the sea monster in the Bible and the author of “Moby Dick” Herman Melville, is an ancestor of the modern day sperm whale, said Rodolfo Salas, a paleontologist at Peru’s Natural History Museum who took part in the study.

Jun 3, 2010

Peru police seek Dutch man linked to Aruba mystery

LIMA (Reuters) – A Dutch man who was arrested twice over the disappearance of a U.S. student in Aruba in 2005 is the prime suspect in a new murder investigation in Peru, which he has since left for neighboring Chile, police said on Wednesday.

Joran Van der Sloot was questioned after student Natalee Holloway went missing during a high school graduation trip in the Dutch Caribbean island five years ago, a case that attracted heavy media attention in the United States. He was not charged due to insufficient evidence.

May 29, 2010

Latam economy rising, doubts about Europe

LIMA (Reuters) – Latin American countries are entering a period of robust economic growth but should exercise caution if they decide to remove fiscal stimulus given uncertainty in the global economy, finance ministers said on Friday.

High-ranking finance officials from the Americas met in Lima amid strong growth prospects for the commodities exporting region, tempered in part by doubts about contagion from Europe’s financial woes.

May 25, 2010

Jailed U.S. citizen Berenson wins parole in Peru

LIMA (Reuters) – A Peruvian court granted parole on Tuesday to Lori Berenson after the U.S. citizen served 15 years of a 20-year sentence in Peru for aiding leftist guerrillas.

She was jailed in 1995 after being arrested on a bus in Peru on charges of being a leader of the Tupac Amaru Revolutionary Movement, or MRTA, a leftist insurgency that was active in Peru in the 1980s and 1990s.

May 20, 2010

Leading gold miners see ore boost near mines

LIMA, May 20 (Reuters) – Leading gold miners say they see
“brownfield” exploration as a low-risk, cost-effective way to
boost output in the medium term, as global economic uncertainty
could make prices for the yellow metal wobble.

And, if prices stay where they are now, near all-time
highs, adding onto existing mines would be the quickest way to
lift production and profits.

May 19, 2010

Anglogold sees water permit this year in Colombia

LIMA, May 19 (Reuters) – AngloGold Ashanti <ANGJ.J> expects
to receive a water permit this year for exploration work on its
La Colosa gold project in Colombia, the company’s site manager
said at an industry conference on Wednesday.

La Colosa Project Site Manager Aurelio Ganoza said the wait
for the permit has caused some delays for the South African
company, which expects to invest some $250 million in the
project between 2010 and 2012.

May 18, 2010

Newmont sees Peru Conga gold mine opening by 2015

LIMA, May 18 (Reuters) – Newmont <NEM.N> expects to open
its Conga gold mine in Peru in late 2014 or late 2015, the
company’s Executive Vice President Guy Lansdown said on Tuesday
at an industry conference.

To bring the project into production, Newmont and its
partner, Peru’s precious metals miner Buenaventura <BUEv.LM>
<BVN.N>, would need between $2.5 billion and $3.5 billion in
investments, Lansdown said.

May 5, 2010

Peru central bank sees 6-7 percent growth

LIMA (Reuters) – Peru’s economy will grow between 6.0 and 7.0 percent this year and the IMF believes it will be the top performer in Latin America as domestic demand and exports surge, the head of the central bank said on Wednesday.

Julio Velarde, who spoke at the Reuters Latin American Investment Summit in Lima, said that given the good health of the economy, the central bank is likely to tighten monetary policy this year.

May 5, 2010

Peru’s top bank sees boom in mortgage market

LIMA, May 4 (Reuters) – Peru’s mortgage market should grow more than 20 percent this year and the benchmark interest rate could more than double by the end of the year from 1.25 percent, the chief executive of the Banco de Credito <CRE.LM> said.

Walter Bayly, at the Reuters Latin American Investment Summit in Lima, said Peru’s central bank is likely to tighten monetary policy in the short term and raise deposit requirements in the next 90 days.

May 1, 2010

Bolivia nationalizes four power companies

LA PAZ (Reuters) – Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France’s GDF Suez, in his drive to tighten state control over the impoverished economy.

Morales, a close ally of Venezuela’s Hugo Chavez, nationalized Bolivia’s key natural gas industry soon after first taking office in 2006 and has since taken control of several utility companies as well as the Andean nation’s biggest smelter and top telecommunications firm.

    • About Eduardo

      "Eduardo has been reporting from Ecuador since November 2011. He has written about the Andean country's oil industry, tensions between the government of President Rafael Correa and the media, and efforts by Ecuadorean plaintiffs to enforce an $18 billion ruling against U.S. oil company Chevron for polluting the Amazon. He was previously posted in Argentina where he covered the country's grains industry and in Bolivia where he wrote about President Evo Morales' efforts to give the majority Indian population more political power. Eduardo is a Spaniard who has also lived and reported in Guatemala and Britain."
    • Contact Eduardo

    • Follow Eduardo