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Peruvian Metals Corp V.PER

Alternate Symbol(s):  DUVNF

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. The Company is engaged in mineral processing and the exploration and development of mineral properties in Peru. It focuses on acquiring and developing precious and base metal properties in Peru. The Company's projects include Palta Dorada Au-Ag-Cu property, Minas Maria Norte property, Minas Vizca, and Minas Yanayco property. The Palta Dorada Au-Ag-Cu property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 2250 hectares. The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining district, which covers an area of approximately 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. The Minas Vizca covers an area of approximately 100 hectares. It also owns 50% interest in San Maurizo Mines Inc. (San Maurizo), which focuses on developing the Mercedes gold-silver lead-zinc-copper property.


TSXV:PER - Post by User

Bullboard Posts
Post by Shoeon May 27, 2011 11:44am
223 Views
Post# 18634816

Copper, Coal to Lead Three-Year Commodity Rally, S

Copper, Coal to Lead Three-Year Commodity Rally, S

Copper, gold, iron ore and coal will lead a rally in commodities over the next two to three years as demand for raw materials from China and India outpaces supplies, according to Standard Chartered Plc. (STAN)

“There is a lag between the supply and the demand and that’s going to drive these commodities higher over the next three years,” Ashish Mittal, the bank’s global head of commodity sales, said in an interview in Mumbai. “During the global financial crisis a lot of investments got postponed.”

The Standard & Poor’s GSCI Index of 24 raw materials beat stocks, bonds and the dollar for five straight months through April, the longest run in at least 14 years, as investors sought a haven against accelerating inflation. Goldman Sachs Group Inc. said this week it’s turning “more bullish” on raw materials and suggested buying oil, copper and zinc, reversing its call last month to sell commodities.

The Group of Eight leaders yesterday singled out the surge in commodity prices as a significant threat to the global economic rebound and pledged to cut the debt built up in the wake of the 2008 financial crisis. Food costs may extend gains as it will take time for producers to catch up with demand driven by the rapid growth of emerging economies, the Bank of Japan’s assistant governor Hiroshi Nakaso said yesterday.

Increases in commodity prices kept global food costs near a record in April, prompting central banks from Brasilia to Beijing to raise interest rates and helping spur conflict and riots in the Middle East and North Africa.

https://www.bloomberg.com/news/2011-05-27/copper-coal-to-lead-three-year-commodity-rally-standard-chartered-says.html

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