Saturday, April 24, 2004

Trouble Reading Peruvia? Press 'F11' key near top of your key board twice.

Free Trade or Free Trade: Reuters reports that Peru's Ambassador to the USA presented a letter to U.S. Trade Representative Robert Zoellick yesterday, "outlining progress in resolving a series of legal disputes that it hopes will be enough to start free-trade talks next month." The article reviews several of the "long-standing legal disputes with U.S. companies [which] overshadowed Peru's prospects, but the letter said three had been resolved and there had been 'substantial progress' in two more. Said Foreign Trade Minister Alfredo Ferrero, "Peru had no Plan B. ... it's free trade or free trade, anything else would be harmful for us."

Free Trade or Free Trade? California's Contra Costa Times says that some USA asparagus growers "wonder how much longer their tradition can survive the assault of cheap imports from Peru and Mexico."

CD Destruction: Indecopi staged a theatrical event in Lima in which they destroyed 200,000 illegally copied CDs and DVDs. The wire agencies paid rapt attention as the Associated Press and Reuters showed a steamroller doing the destruction; Reuters shows musician Raul Romero "chewing" on some cds and children stomping on others; and the Associated Press has someone else sweeping some cds.

SMulanovich Champion! Sufring Magazine lauds Sofia Mulanovich after winning "the most lucrative women's WCT event (US$73,300), the fourth annual Roxy Pro, in perfect conditions." The story states that "Mulanovich's opening ride secured her piece of history though, as the diminutive natural footer waited for one of the larger set waves and unleashed an inspired backhand attack for the Roxy Pro's only perfect 10-point score." Two weeks ago, Mulanovich won the ISA world title in Ecuador.

Gorbachev on May 7: Reuters reports that former Soviet Union President Mikhail Gorbachev will address an international gold conference in Lima on May 7. According to his host, the National Society of Mining, Petroleum and Energy, his talk will cover "corporate government, private investment, sustainable development, responsible economic policy and mining in Peru.

De Soto on May 7: Michigan State University announced that Hernando de Soto "will address candidates for advanced degrees on May 7." MSU President Peter McPherson was the administrator of the Agency for International Development in the 1980s, among the first first funder of De Soto's research.

Imasen Polling: The Miami Herald includes a short bit on a Lima-voter preference Imasen poll published in Friday's Correo. It was led by AFujimori (18.4%) followed by AGarcia and VPaniagua.

Macro/Micro Econ:
- Reuters states that Compania de Minas Buenaventura issued its first-quarter production data.
- Reuters reports that Barrick Gold Corp., the world's No. 3 gold producer, "expects to cast the first gold bar from its Alto Chicama mine in Peru in the third quarter of next year," according to Igor Gonzales, Barrick's regional vice president in Peru."
- Reuters reports that Edegel's first quarter net profits are up 24%.
- Reuters reports that gold production at Pierina "is expected to fall to 645,000 ounces in 2004 from 911,000 ounces in 2003 as miners hit a lower grade of ore," according to Pierina's owner Barrick Gold Corp.

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