Projects - Weekly snapshot

Publicado el 15/07/2019

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, July 09th to Monday, July 15th, 2019

SPOTLIGHT

Doe Run Peru Auction starting September

The insolvency administrator of Doe Run Peru, Carlos Carrizales, assured that between September and October the assets auction (La Oroya Refinery and Cobriza Mine) of the company will be held. In August, the creditors' meeting would approve the terms of the auction.

On the other hand, an update was made of the fixed assets of La Oroya, and it was reported that this amounted to US$ 112.8 million, while Cobriza would be US$ 24.2 million. Industry sources said that the value of the Cobriza mining unit (operation and new areas explored) is estimated between 47.1 and 54.2 million dollars (Diario Gestión).

MONDAY 15

  • Minera Barrick Misquichilca plans to conduct studies in a mining prospect named Baulant, in Tacna, province of Candarave. The prospect would have gold and silver mineralization (Diario Gestion).

  • The company Statkraft plans to increase its production capacity by 25% by 2025, and with this, boost its growth with an investment of up to US$ 15 million (Diario Gestion).

  • Line 2 of the Metro designated US banks Goldman Sachs and JP Morgan as global coordinators and managers of an upcoming bond issue to organize meetings with investors in fixed income instruments in the United States, Europe and Latin America (Diario Gestion).

  • Grupo Energía Bogotá (GEB), present through Cálidda and Contugas, is interested in having a stake in its shareholding structure for 2020. It will also have an issue scheduled for next year (Diario Gestion).


FRIDAY 12

  • The insolvency administrator of Doe Run Peru, Carlos Carrizales, said that between September and October there will be an auction of assets of the company, these would be estimated at US$ 24.2 million. He also reported that the value of the Cobriza mine is estimated between US$ 47.1 and US$ 54.2 million (Diario Gestion).


THURSDAY 11

  • Engie Energía Perú submitted to the General Directorate of Electricity of the Ministry of Energy and Mines a request for a temporary concession for the project of the Hanaqpampa solar power plant, in Ilo (Moquegua) (Diario Gestion). 


WEDNESDAY 10

  • Southern Peru Cooper Corporation confirmed that it received, from the Ministry of Energy and Mines, authorization for the construction of the Tía María project, located in the province of Islay, Arequipa, which will require an investment of US$ 1,400 million (Diario Gestion).

  • Great Panther Mining approved the decision to produce gold, silver, zinc, copper in Peru at the Coricancha mine, with a potential restart of operations by 2020 (Diario Gestion).

  • Banco de Credito placed on July 9, 2019, corporate bonds in soles, for three years, for US$ 35 million and at an annual nominal interest rate of 4.25% (Diario Gestion).

  • Canadian explorer Kaizen Discovery makes progress in the Pinaya copper-gold project, an exploratory area located between Arequipa and Puno, with a budget of more than US$ 3 million (Diario Gestion).


TUESDAY 09

  • The company Transportadora de Gas del Peru would be investing US$ 40 million per year in maintenance in geoctecnia areas (field studies) (Diario Gestion).

  • The president of Perupetro, which is in this year, has made an agreement with YPF, and with Tullow an agreement was signed in lot Z-64. Likewise, it was specified that lot 200 is being negotiated with Spain's Cepsa (Diario Gestion).

 


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If you need more information, please contact Milagros Maraví (mmaravi@rubio.pe) or Carlos Arata (carata@rubio.pe)