Friday, July 23, 2004
Peru is Melting: Reuters reports that "if climatic conditions remain as they are, all the glaciers (in Peru) below 18,000 feet will disappear by around 2015," according to Patricia Iturregui, president of Peru's National Environmental Council (CONAM). NOTE: Pastoruri in Huaraz "is one of 18 glacier-capped mountains in Peru suffering the effects of climate change." CITED: Mario Aguirre (head of the glacier study unit at INRENA). ALSO: "Peru is particularly vulnerable to climate change because some 70% its energy comes from hydroelectric plants, supplied mainly by meltwater from Andean glaciers."
Economics and Tourism: The Financial Times has several articles today. The first is on ecotourism as FT editor Richard Lapper goes to Puerto Maldonado and profiles Eduardo Nycander and his Rainforest Expeditions. The second article is a travel piece for Lima tourists and includes eating, shopping, Herman Melville, and Mario Vargas Llosa.
War of the Pacific, cont.: Knight Ridder and Pravda explains the geo-political context of how gas can be exported from Bolivia. ALSO: The Financial Times profiles Bolivian President Carlos Mesa.
Perez de Cuellar Resigns: The Miami Herald (registration: peruvia@peruvia.com/peruvia) (last item) and Agence France Press report that "former U.N. Secretary General Javier Perez de Cuellar resigned Thursday as Peru's ambassador to France ... for personal reasons," according to Minister of Foreign Relations Manuel Rodriguez.
Nuevo Contintente, cont.: The Associated Press and the Voice of America report that Nuevo Continente "resumed flights Friday, days after transferring company ownership from suspected drug traffickers on a U.S. government blacklist . NOTE: "Aero Continente announced on Wednesday that seven investors had bought the airline for about $3.5 million, and changed the airline's name to Nuevo Continente." ALSO: "U.S. Ambassador James Curtis Struble told reporters that the U.S. Treasury Department was reviewing whether the ownership transfer represented 'the total separation of the company from people known to be involved in drug trafficking'." See Also: 'Nuevo Continente' in yesterday's Peruvia.
USD280 Million to Peru: Bloomberg reports that "the Andean Development Corp., a regional multilateral bank, said it will lend $860 million to five Latin countries, its biggest loan in its history." NOTE: "Peru will receive a $280 million 12-year loan." The Miami Herald offers summaries on the Nuevo Continente airline, and on a "$280 million 12-year loan from the Andean Development Corp. to help the country finance its budget gap."
Protecting Nahua-Kugapakori: CorpWatch.org includes the financial shenanigans surrounding the Nahua-Kugapakori reserve in Peru, "quite possibly, the last place on earth one would want to place a pipeline" and "home to some 7,000 Nahua, Kirineri, Nanti, Machiguenga, and Yine indigenous peoples." "The reserve faces an even more permanent threat, the massive Camisea Natural Gas Project, a $1.6 billion project to pump oil and natural gas across the Andes to a newly-built gas terminal in Lima, constructed by Halliburton's Kellog, Brown & Root."
The Flying Condors: National Geographic reports on Andean condors in the Colca Canyon. According to Maurico de Romaña, an area hotelier and president of the conservation organization PRODENA-Arequipa, "In the area around the Condor Cross there is a well-known permanent group. On some occasions, when there is food, I have succeeded in observing 24 condors together." NOTE: "The species is listed by the World Conservation Union as 'vulnerable.' One of the world's largest flying birds, the condor soars on ten-foot (three-meter) wingspans and can weigh up to 33 pounds (15 kilograms)."
Nazca Lines Disappering: The Associated Press reports that "the first comprehensive aerial photos taken by Peru's government since 1973 of the Nazca Lines showed destruction that conservationists have long feared. Tire tracks and disregard for the site are irreparably scarring the mysterious lines and animal figures that a pre-Columbian civilization etched into a 56-kilometre stretch of Peru's southern desert centuries ago." ALSO: "Peru's ancient spiral-tailed monkey is losing its tail." CITED: Jesus Cabel Moscoso (National Institute of Culture in Ica)
MINING: Reuters reports that "miners bidding for Peru's world-class Las Bambas copper deposit will not have to pay two royalties to exploit the deposit after Congress on Thursday amended a controversial new law to exclude projects that already include such a payment." CITED: Jose Olivera (congressional adviser). Reuters also reports that "Southern Peru Copper Corp.'s second-quarter net was $121 million, five times the $22 million net it reported a year ago, is rising amid a spike in copper prices." A third Reuters story reports that "lower operating costs, rising production and booming gold and silver prices fueled a second-quarter earnings surge at Peru's biggest precious metals miner, Compania de Minas Buenaventura," according to the company. NOTE: "Buenaventura, which owns 43.65 percent of Latin America's largest gold mine, Yanacocha, reported a 141% rise in net income to $66.1 million in the April to June period, compared with the same period last year." SEE ALSO: The Numbers. Finally, Pan American Silver announced in a press release their "US$36.7 million cash offer, through the Peru Stock Exchange, to purchase the voting shares of Compania Minera Argentum S.A. which owns the Morococha silver mine.
IronMan Champion: New York's Press Republican reports that "triathlete Daniel de Montreuil Iturri has come from Lima, Peru, to participate in Sunday’s Lake Placid Ironman. He will participate with the support and encouragement of Children Come First, a non-profit corporation based in Arlington, Va., and Chorillas, Lima, Peru." NOTE: "De Montreuil is the seven-time Peruvian champion in the event. Humbly, he said the title is not as impressive as it sounds. 'The level of competition in Peru is not as tough.' "
Montoya Walks the USA: New Jersey's Princeton Packet tracks Julio Montoya's eastern shore trek. SEE ALSO: 'Montoya to Walk the USA' in July 12's Peruvia.
Flying To Peru? North Carolina's Fayettville Observer reports that the children Red Springs Presbyterian Church's Vacation Bible School program travelled to Peru without ever leaving their church.
Peruvian Forger: The Indianapolis Star reports on Ricardo Herrera, a Peruvian national living in the United States legally, who plead guilty to forgery and false use of passports earlier this year.
Economics and Tourism: The Financial Times has several articles today. The first is on ecotourism as FT editor Richard Lapper goes to Puerto Maldonado and profiles Eduardo Nycander and his Rainforest Expeditions. The second article is a travel piece for Lima tourists and includes eating, shopping, Herman Melville, and Mario Vargas Llosa.
War of the Pacific, cont.: Knight Ridder and Pravda explains the geo-political context of how gas can be exported from Bolivia. ALSO: The Financial Times profiles Bolivian President Carlos Mesa.
Perez de Cuellar Resigns: The Miami Herald (registration: peruvia@peruvia.com/peruvia) (last item) and Agence France Press report that "former U.N. Secretary General Javier Perez de Cuellar resigned Thursday as Peru's ambassador to France ... for personal reasons," according to Minister of Foreign Relations Manuel Rodriguez.
Nuevo Contintente, cont.: The Associated Press and the Voice of America report that Nuevo Continente "resumed flights Friday, days after transferring company ownership from suspected drug traffickers on a U.S. government blacklist . NOTE: "Aero Continente announced on Wednesday that seven investors had bought the airline for about $3.5 million, and changed the airline's name to Nuevo Continente." ALSO: "U.S. Ambassador James Curtis Struble told reporters that the U.S. Treasury Department was reviewing whether the ownership transfer represented 'the total separation of the company from people known to be involved in drug trafficking'." See Also: 'Nuevo Continente' in yesterday's Peruvia.
USD280 Million to Peru: Bloomberg reports that "the Andean Development Corp., a regional multilateral bank, said it will lend $860 million to five Latin countries, its biggest loan in its history." NOTE: "Peru will receive a $280 million 12-year loan." The Miami Herald offers summaries on the Nuevo Continente airline, and on a "$280 million 12-year loan from the Andean Development Corp. to help the country finance its budget gap."
Protecting Nahua-Kugapakori: CorpWatch.org includes the financial shenanigans surrounding the Nahua-Kugapakori reserve in Peru, "quite possibly, the last place on earth one would want to place a pipeline" and "home to some 7,000 Nahua, Kirineri, Nanti, Machiguenga, and Yine indigenous peoples." "The reserve faces an even more permanent threat, the massive Camisea Natural Gas Project, a $1.6 billion project to pump oil and natural gas across the Andes to a newly-built gas terminal in Lima, constructed by Halliburton's Kellog, Brown & Root."
The Flying Condors: National Geographic reports on Andean condors in the Colca Canyon. According to Maurico de Romaña, an area hotelier and president of the conservation organization PRODENA-Arequipa, "In the area around the Condor Cross there is a well-known permanent group. On some occasions, when there is food, I have succeeded in observing 24 condors together." NOTE: "The species is listed by the World Conservation Union as 'vulnerable.' One of the world's largest flying birds, the condor soars on ten-foot (three-meter) wingspans and can weigh up to 33 pounds (15 kilograms)."
Nazca Lines Disappering: The Associated Press reports that "the first comprehensive aerial photos taken by Peru's government since 1973 of the Nazca Lines showed destruction that conservationists have long feared. Tire tracks and disregard for the site are irreparably scarring the mysterious lines and animal figures that a pre-Columbian civilization etched into a 56-kilometre stretch of Peru's southern desert centuries ago." ALSO: "Peru's ancient spiral-tailed monkey is losing its tail." CITED: Jesus Cabel Moscoso (National Institute of Culture in Ica)
MINING: Reuters reports that "miners bidding for Peru's world-class Las Bambas copper deposit will not have to pay two royalties to exploit the deposit after Congress on Thursday amended a controversial new law to exclude projects that already include such a payment." CITED: Jose Olivera (congressional adviser). Reuters also reports that "Southern Peru Copper Corp.'s second-quarter net was $121 million, five times the $22 million net it reported a year ago, is rising amid a spike in copper prices." A third Reuters story reports that "lower operating costs, rising production and booming gold and silver prices fueled a second-quarter earnings surge at Peru's biggest precious metals miner, Compania de Minas Buenaventura," according to the company. NOTE: "Buenaventura, which owns 43.65 percent of Latin America's largest gold mine, Yanacocha, reported a 141% rise in net income to $66.1 million in the April to June period, compared with the same period last year." SEE ALSO: The Numbers. Finally, Pan American Silver announced in a press release their "US$36.7 million cash offer, through the Peru Stock Exchange, to purchase the voting shares of Compania Minera Argentum S.A. which owns the Morococha silver mine.
IronMan Champion: New York's Press Republican reports that "triathlete Daniel de Montreuil Iturri has come from Lima, Peru, to participate in Sunday’s Lake Placid Ironman. He will participate with the support and encouragement of Children Come First, a non-profit corporation based in Arlington, Va., and Chorillas, Lima, Peru." NOTE: "De Montreuil is the seven-time Peruvian champion in the event. Humbly, he said the title is not as impressive as it sounds. 'The level of competition in Peru is not as tough.' "
Montoya Walks the USA: New Jersey's Princeton Packet tracks Julio Montoya's eastern shore trek. SEE ALSO: 'Montoya to Walk the USA' in July 12's Peruvia.
Flying To Peru? North Carolina's Fayettville Observer reports that the children Red Springs Presbyterian Church's Vacation Bible School program travelled to Peru without ever leaving their church.
Peruvian Forger: The Indianapolis Star reports on Ricardo Herrera, a Peruvian national living in the United States legally, who plead guilty to forgery and false use of passports earlier this year.
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