Lima Summit in July to Highlight Latin American Mining Potential

LAVENDER, Singapore - April 26, 2013 - PRLog -- LatAMin 2013 will provide updates and exploration opportunities in Peru, Chile, Mexico, Colombia, Argentina, Bolivia, Ecuador, Paraguay, Uruguay, Venezuela, Brazil and the Caribbean.

Over the next five to ten years, more than US$425 billion in investments have already been announced, with a focus on Chile, Peru and Colombia, from such companies as BHP Billiton, Xstrata and Rio Tinto, among others. Currently, the region produces 45% of global copper production, 50% silver, 26% molybdenum, 21% zinc and 20% gold. Latin America is attracting 25% of global investments in mining.

For Peru in particular, US$56 billion of mining investment is expected by 2020 – the country being the second-largest producer of copper and third-largest recipient of foreign investment in mining projects. Modernization of plants and professionalization of operators has allowed Peru to secure an important place in the global mining map. 94% of mining investments go to copper, gold, iron and zinc. China is the largest foreign investor in Peru mining projects – at US$10,600 million in 2012, representing 20% of the total foreign investment in the country – followed by the USA (US$8,947 million), Canada (US$6,787 million) and Australia (US$4,670 million).

With plenty of opportunities for doing business in the Latin America mining sector, investors from Asia, Russia, North America, the Middle East, Africa, Europe and Australia have been rushing into the continent, with many of companies attending LatAMin 2013. Latin America has also potential as a mineral processing and production base for the international markets.

The Summit will cover hot issues such as: What are the new mining laws, regulatory policies and concessions? Where is the best jurisdiction to do mining in Latin America? How to enhance mining competitiveness and reduce operational costs? How to tackle the challenges of power supply, water supply and infrastructural constraints? How to mitigate the risks of resource nationalism? What are the top mining risks in Latin America? What is the true geological potential of Latin America and its unexplored territories with high mineral deposits? What financial recourse is available to finance mining projects in Latin America? How can miners strategize against the slide of gold price? Is the Chinese economic slowdown a hiccup or a hiatus - hither the new demand drivers? Are there new M&A opportunities in Latin America mining, post Glencore's acquisition of Xstrata? How could Latin American juniors attract more investments and financing?

LatAMin 2013 will provide the high-level strategic platform for foreign investors, geologists, metals traders, mine engineers, bankers, insurers and mining regulators to meet to discuss new opportunities, in addition, in providing the latest updates on details of key changes in mining regulations in the different countries in Latin America. Indeed, at the end of the Summit, exclusive one-on-one sessions with potential investing co-partners and relevant major and junior mining corporations, bankers, insurers, regulators will also be provided for.

The CEO of the conference organizing company, Magenta Global Pte Ltd, Singapore, Ms Maggie Tan, said: “Any company that offers products and services to the mining industry must not missed the opportunity to assess firsthand the business potential, hear the hotspots and the chance to meet and interact with government officials as well as mining companies. Latin America is home to the world’s leading copper exporters, Peru and Chile which accounted for over 40% of the world’s supply.” Ms Tan encouraged companies, organizations, businesses and governments that share Magenta’s vision for the future of sustainable mining to be part of this key event.

The event will be held at the Sonesta Hotel El Olivar in Lima, Peru.