Phoenix Minerals S.A.C. - Phoenix Minerals SAC, Group of Companies
Phoenix Minerals, S.A.C., a holding company and its divisions.
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- Picchu Rio Gold Mining Co. SAC receives exploit permit for river mining
- Shortage of Rare Earth Minerals May Cripple U.S. High-Tech, Scientists Warn Congress
- Hotels Hot In Peru As New Developments Drive Boom
- Peru mining investment to rebound in 2010
- Picchu Rio Gold Mining Co. SAC announces initiation of river mining.
| Mining pushes Peru Rail to invest US$ 300 million in railways |
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| Wednesday, 10 September 2008 | |
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The concessionary of train services of the south, Peru Rail will invest 300 million dollars until 2014, such amount will be added to the 30 million invested from 1999. Investments are to be made because of a demand of load transport of new mining projects developed in this region, announced today its general manager, Armando Pareja. "We are not only investing in the Railroad South - East that goes from Machu Picchu towards Cusco (for passenger transport), but also in the Railroad of the South that goes from Matarani (Arequipa) towards Lake Titicaca and Cusco, which is used for load transport", he said to Andina news agency. In addition, Pareja pointed out that from 1999, when the Peruvian State granted the concession of the railroad to Ferrocarril Trasandino (Fetransa), operated by Peru Rail, the company had invested about 30 million dollars only in passenger transport, especially tourists. News source: ANDINA http://www.livinginperu.com/news-7329-business-mining-pushes-peru-rail-invest-us-300-million-railways |
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