SNMPESociedad Nacional de Minería, Petróleo y Energía (Peru)
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Shougang's location on Peru's southem Pacific coast also is key to cutting costs, namely those related to transportation, as it not only owns its own port but also is near the end of a planned highway to Brazil, notes SNMPE's Martinez.
SNMPE's chairman, Augusto Baertl, also president of Cia Minera Antamina, said that development in the industry was still not commensurate with Peru's great potential.
"Peru will have a second exploration boom, especially in gold, once the price of this metal recovers its position in the international market and permits the intensification of the numerous projects that large national and international mining companies are developing in the country." So says the Chairman of the Gold Committee of Peru's Sociedad Nacional de Mineria, Petroleo y Energia (SNMPE), Mr.