BPZ Resources, Inc. announced the spudding of the CX11-15D well in the Corvina field in the Company’s offshore Block Z-1 in northwest Peru.
The 15D will target the known oil and gas sands in an up dip position with the main objective of proving up a portion of the probable oil and gas reserves and giving [...]

Veraz Petroleum Ltd. announce that it has partnered with Petrominerales Ltd., a 76% owned subsidiary of Petrobank Energy and Resources Ltd., a Colombian based exploration and development company to jointly explore the concession on which Veraz is currently conducting activities in the Ucayali Basin of east central Peru (”Block 126″).
Under the transaction, Petrominerales will pay [...]

Global Crossing, a leading global IP solutions provider, today announced that Minera Chinalco Peru, a subsidiary of the Aluminum Corporation of China (Chinalco) — a multinational polymetallic mining company — has acquired an extensive portfolio of technology and telecommunications solutions for the development of its copper megaproject Toromocho.
Minera Chinalco Peru is developing one of the [...]

Norsemont Mining Inc. announced that in response to recent unsolicited expressions of interest to acquire the Company, the Board of Directors has formed a Special Committee and is in the process of retaining independent financial advisors. The Special Committee has retained Fraser Milner Casgrain LLP as its legal advisors. The Company cautions shareholders that there [...]

Solex Resources Corp. announced the complete drill results from the Sayana Central near-surface uranium target at the Macusani East Project in Peru. The Macusani East Project is joint-ventured with Eldorado and contains 53 known uranium anomalies across 43,320 hectares.
In total, 86 holes for an aggregate 8,172 metres were drilled on the Sayana Central target during [...]

Solex Resources Corp. announced that it has completed the first phase of drilling on its 100% owned Macusani South project in the Macusani uranium district of south-eastern Peru. In addition, column leach metallurgical testing has started at Solex’s mobile metallurgical laboratory following receipt of all required permits.
Drilling Programme
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Constitution Mining Corp. announces the company has paid US$750,000 and issued 2,000,000 shares of common stock to exercise the initial option to acquire a 25% interest in the Mineral Rights for 382 km2 of mining properties in the developing Gold Sands district of northeastern Peru. The company has the right to purchase the remaining 75% [...]

AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, [...]

Plexmar Resources Inc. report that it has signed, through its subsidiary, a letter of intent with Minera Ucucha S.A.C. for the exclusive commercialization and production rights for the top 100 meters on all the concessions part of the Bolsa del Diablo project. In return, Ucucha will obtain all necessary authorizations from the local communities to [...]

IFC, a member of the World Bank Group, has disbursed a $15 million loan to BPZ Exploración y Producción SRL, supporting a growing Latin American oil and gas company in making use of Peru’s natural resources during a time of tight credit markets.
BPZ Exploración y Producción is a Peruvian subsidiary of BPZ Resources, Inc. As [...]