In a transformative move for healthcare infrastructure, the Governments of Peru and the United Kingdom have formalised a substantial $630 million agreement to build two major hospitals in northern Peru. This initiative is expected to significantly enhance medical services for approximately 5 million people in the region. Key Details of the Agreement The agreement between […]
Sierra Metals Inc. (TSX:SMT; OTCQX:SMTSF), a distinguished mining company, has announced the acquisition of a crucial environmental permit allowing for the expansion and mining operations below the 1120 level at its Yauricocha Mine in Peru. This development is poised to significantly influence the company’s production capacity and operational efficiency, marking a pivotal moment in its […]
MidOcean Energy, an LNG company overseen by EIG, a leading investor in the global energy and infrastructure sectors, has announced a definitive agreement to acquire a 20 percent interest in Peru LNG (PLNG) from SK Earthon. This strategic acquisition marks a significant expansion of MidOcean’s LNG portfolio, aligning with its vision to build a global, […]
SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR), a prominent player in the mining sector, has entered into a definitive agreement to sell its San Luis Project to Highlander Silver Corp. (CSE:HSLV) in a significant transaction valued at up to US$42.5 million. This deal underscores the dynamic nature of asset consolidation in the mining industry and […]
Enel S.p.A., through its subsidiaries Enel Américas S.A. and Enel Perú S.A.C., has entered into a significant agreement with Niagara Energy S.A.C., a Peruvian company controlled by the global investment fund Actis. This strategic deal involves the sale of all equity stakes held by the Enel Group in power generation companies Enel Generación Perú S.A.A. […]
Rio Tinto and First Quantum Minerals have finalized a joint venture to expedite the development of the La Granja copper project in Peru. The venture comes at a time when the demand for copper is surging due to its pivotal role in green technologies and the global energy transition. This joint venture aims to unlock […]
Citi, a global juggernaut in foreign exchange (FX) markets, has announced a pivotal investment in Rextie, the leading fintech for FX services in Peru. This groundbreaking deal makes Rextie the first FX fintech in Latin America to secure an investment from one of the world’s largest banks. Additionally, the partnership will incorporate Citi’s advanced FX […]
Global investment firm KKR has agreed to acquire a majority stake in PangeaCo and the existing fiber optic networks in Peru of Telefónica del Perú and Entel Perú. This acquisition aims to establish Peru’s first nationwide open access wholesale fiber optics company, thereby enhancing fiber optics connectivity throughout the country. This consolidation of PangeaCo, Telefónica […]
Enel’s subsidiary Enel Perú has agreed to divest its distribution, supply, and advanced energy services to China Southern Power Grid International (HK) or CSGI in short for nearly $2.9 billion. The deal involves Enel Perú’s stake of 83.1% in Enel Distribución Perú, a power distribution and supply company, and 100% of Enel X Perú, a […]
Route Mobile Limited has agreed to acquire Colombian cloud communication platform service provider Masivian S.A.S (Masiv) for a sum of up to $50 million. The consideration includes earn-out of up to $2.5 million. Route Mobile, which is an India-based cloud communication platform service provider, will carry out the acquisition through its fully-owned subsidiary — Route […]