NEWS LETTER
APRIL 2015
IN THIS ISSUE
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UPCOMING EVENTS
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NEWS UPDATE
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EVENTS 2015
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CONTACT INFO
“LATIN AMERICA – ECONOMIC OUTLOOK”
PCCC event .
Date : first week of August
Theme : “ Latin America
– Economic Outlook” by
Dr. Julio Velarde, Governor of Peru – Central
Bank, who was named Banker of the Year 2015.
S A T U R D AY, M AY 2 3 , 2 0 1 5
Lithuanian Banquet Hall
—Main Floor
1573 Bloor St. W.
Toronto M6P 1A6
Fundraising Event in Support of :
Canadian Friends of ANIQUEM
Health Development Corporation
(CAFA) — a not-for-profit ,
registered charity in Canada.
CAFA assists ANIQUEM
(Asociacion de Ayuda al Nino Quemado)—A Peruvian non-profit clinic
that operates in Lima,supporting rehabilitation services and programs
for severely burned children.
www.friendsofaniquem.org
[email protected]
416-231-3230
Doors open at 7pm
Tickets $35.00 advance
purchase only
Latin Music
Cash Bar
Peruvian Food
Pisco Sour bar
Our Valued Sponsors:
SIAL opened it’s doors this
past week and the Peruvian
delegation was present with a very
colorful stand. See more photos.
Move over Codelco:
Freeport plans to be the
world’s No.1 copper miner.
BY :
www.mining.com
Freeport McMoRan (NYSE:FCX) may soon become the world’s largest copper producer, as the
U.S. firm finishes expansions at some of its key mines, closing the gap with current No. 1 Chile’s
state-controlled Codelco.
The Arizona-based company, reports Bloomberg, has mostly ignored the latest drops in the price
of the industrial metal as well as China’s economy slowdown, forging ahead with plans to ramp up
production.
And while rival Codelco is dealing with declining ore grades, Freeport is getting ready to kick off a
$4.6 billion expansion of its Cerro Verde mine in Peru.
The company has already had a taste of what is like to be at the top. In 2013, Freeport briefly
surpassed its rival Codelco and is still the world’s largest listed copper miner.
The Chilean miner is in the midst of executing a $25 billion investment plan aimed to expand its
aging mines and search for new high-grade deposits, but time is against Codelco, which —
according to Bloomberg — won’t be able to keep up with Freeport.
When it comes to overall supply, however, no other country comes close to Chile’s supremacy: it
alone produces about a third of the world’s copper. Companies including Antofagasta (LON:ANTO),
BHP Billiton (ASX:BHP), Anglo American (LON:ANGLO) and Sumitomo all have operations in the
country, which hosts some of the world’s largest copper mines.
Time is against Codelco, which — according to
Bloomberg — won’t be able to keep up with Freeport.
Southern Copper's $1.2bn
Toquepala mine
expansion OK’d
BY:
www.mining.com
Peru
has
approved
Southern
Copper's
(NYSE:SCCO) $1.2 billion expansion of its Toquepala
open-pit mine in southern Tacna, which would allow
the miner double the operation's concentrating
capacity, El Economista (in Spanish) reports.
The Grupo Mexico-controlled company said the
expansion will boost the capacity of the mine's copper
concentrator to 120,000 tonnes per day from 60,000.
Toquepala is the world’s fifth biggest copper mine. It also produces molybdenum, silver gold and
zinc.
Peru is the world's second biggest producer of copper and silver and a major producer of gold,
zinc, lead and other minerals. The country’s extractive sector, which accounts for some 60% of the
economy, is expected to bring $50 billion to the local economy in future investment over the next
decade. However, it has been beset by widespread protests against mining projects for years.
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We would like to invite you to check our social media’s accounts: Linked In, Facebook, Twitter
& Instagram. This way we are focused on bringing you information
of our past
and future
Peruvian-Canadian Chamber of
@PCCCTORONTO
Commerce
events, blog, photos and as well as get feedback from your comments
and suggestions to
improve our services.
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Peruvian-Canadian Chamber of
Commerce
@PCCCTORONTO
Coffee sales to reach US$
750 million in 2015
BY:
www.peruthisweek.com
With a recovery from rust-infested crops last year, coffee is on its way to a good year.
From 2013 to 2014, coffee production saw a 90% drop due to rust that devastated large stretches
of crops across Peru’s coffee plantations. Despite the devastation, last year 3.9 million quintals of
coffee were produced and made sales of US$ 730 million.
However, this year has brought a positive wave of recovery for coffee crops as infestation has
been cleared throughout Peru.
Considering the improvements, Peru’s 2015 coffee production could reach 5 million quintals,
according to Deputy Minister of Development, Agricultural Infrastructure and Irrigation, Jorge Luis
Montenegro.
This year coffee production is estimated to grow 28% compared to 2014 and be worth US$ 750
million.
“The projection for 2015 indicates we will reach 5 million quintals, which reference value is US$
750 million, considering we are experiencing a recovery phase and following a sustained renovation
plan […],” the Deputy Minister told Andina news agency.
24,000 hectares have been replenished and a remaining 80,000 will be revitalized, according to
the National Plan for Coffee Plantations Renewal.
The coffee is slowly replenishing and with that the coffee industry is working to promote their
revitalized products.
Montenegro announced that from April 9-12, coffee producers from Junin and Pasco will be
participating in an international coffee fair known as “Specialty Coffee Event of the Year.” The event
is organized by the Specialty Coffee Association of America and will be held at the Washington State
Convention Center in Seattle, USA.
Peruvian representatives from 12 different organizations are set to attend. Six of which are
supported by the Ministry of Agriculture and Irrigation and the rest by their respective municipalities.
PERUVIAN FUNDRAISING FIESTA!! CAFA is the 2015 winner of the PCCC ‘Institution of the Year Award’ recognized for our support of the rehabilitation of burned children in Peru. CAFA provides independent support to hundreds of children each year. Specific programs include transport to the ANIQUEM burn clinic, prevention, support to surgery campaigns and, operation of two 3-‐day burn camps per year [for 45 -‐ 50 children each]. We also operate a scholarship (‘beca’) program to help children and youth remain in school. More information is available on our web at www.friendsofaniquem.org Come and support us at the CAFA fund raising FIESTA on May 23, 2015 The Lithuanian Banquet Hall, Main Floor 1573 Bloor St (at Dundas West Station), Toronto, M6R2M9 The cost of admission is $35.00 and must be purchased in advance. This event will feature a DJ, dancing, and outstanding Peruvian food for purchase and cash bar. Tables can be reserved for groups of 10; payment in advance for all tickets is required to reserve. To purchase tickets or for more information contact CAFA: (416) 231-‐ 3230 (905) 457-‐3398 [email protected] Please consider making a donation directly to CAFA. All of your donation goes directly the children support programs. Send donations via cheque to ‘CAFA’ 105 – 2 Aberfoyle Cr. Toronto, Ontario M8X2Z8 or donate online at through our website – Canada Helps You will receive a tax receipt On Tuesday April 21, 2015 a great Networking Night took place in Toronto. The British
Canadian Chamber of Trade and Commerce invited the Peruvian Canadian Chamber of
Commerce to meet and discuss future possibilities to generate events of interest for both
Chambers. Here a few photos of a great night. Thanks BCCTC…
BCCTC Monthly
Pub Night
In partnership with
Tuesday April 21, 2015, 6-9 pm
At PJ O’Brien’s Pub ~ 39 Colborne St, Toronto
Join us and bring a guest for an evening of
networking in a comfortable setting.
Now with a wider selection of
food and your choice of house
red or white wine, beer on tap
or any kind, or any mixed
drink using our bar rail.
have
s!
We’ll
Prize
Door
Prices per person & guest: (All rates include HST)
Regular tickets (include a pub meal and 1 drink)
Members $45, Non-Memb $60
Special for Regular tickets only:
Register online and save $5 (before 9 am April 21st)
Members $40, Non-Memb $55
Networking tickets (include only Networking & 1 drink)
Members: $25, Non-Memb $30
Cocktail Reception to the Peruvian Delegation that came
to SIAL, organized by the PCCC at Scotia Bank Plaza.
MEDIA LINKS :
SOMOS TORONTO: http://www.somostoronto.com/pccc-ofrecio-cocktail-a-representantes-deempresas-peruanas-que-participan-en-sial-canada-2015/ YAOL: http://www.youradonline.ca/2015/april/29/pccc/index.aspx
FOR MORE INFORMATION :
TORONTO
Ph. (289) 521-3400
email : [email protected]
MONTREAL
Ph. (514) 484-7815
email : [email protected]
VANCOUVER
Ph. (604) 762-4352
email : [email protected]
DESIGNED BY : EDUARDO ARREGUI ([email protected])
web : www.perucanadacc.com