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Oil found in Uruguay by Petrel

The former Molopo Energy boss Stephen Mitchell and former Eastern Star Gas chief David Caseys’ latest venture is to test the Uruguayan nation’s onshore shale potential. So far it is off to a promising start as it’s at the forefront of efforts to test at this point. Yesterday Petrel Energy confirmed the existence of oil generation from drilling on its ground in the South American nation’s Norte Basin. The chief executive who is also the biggest shareholder of the company with a 9.2% stake, Mr Casey,…

Why is Peru’s economy not expanding at originally predicted rate?

On Tuesday, official data was released showing that as stronger mining activity offset a weak month for manufacturing, Peru’s economy expanded less than expected at 4.3% in August compared to the same month last year. The month with the second slowest rate so far in 2013 has been August. 4.6% had been the forecasted growth according to economists polled by Reuters. Economic growth has been dampened this year as a cause of weaker mineral prices and the softer demand from major buyers liked China of Peru’s…

Argentines are learning to treat chemical sprays with more respect than in the past

Argentina’s agricultural industry has been dramatically transformed by the introduction of genetically modified plants in 1996. A country once known for its grass-fed beef is now dominated by soy, corn and cotton. Soy harvests alone have tripled, ranking Argentina as the world’s third largest soybean producer. But the pesticides powering this boom are poorly controlled and used in ways that were never anticipated by regulatory science, if not specifically banned by law. Doctors and scientist worry…

The Estancia System: a Distinctive Feature of Southern Patagonia

    Robert Runyard Estancia System On the pampa (steppe lands) of Southern Patagonia, the individual unit of livestock production is the estancia (ranch) (this system is also used in areas where rainfall is higher). To be cost-effective, given the generally low levels of fertility, each estancia covers a large area. Nowadays, three thousand hectares (about 10 square miles) barely provides subsistence for one family. Historically, company-owned estancias were organized on an industrial model, and were…

The Peru-China relationship goes from strength to strength

China and Peru have had a long relationship, dating back to the 19th century when many Chinese immigrants ended up in Peru. Currently in Peru, 5% of the population are estimated to be Asian Peruvians however one source states that 5 million citizens have some Chinese ancestry, making that 20% of the country’s population. Minhui Huang, Limas Chinese Ambassador, has said that the two nations have a successful strategic partnership and at the moment their bilateral relationship is going stronger than ever. After…

Peru’s Amazonas region is now more accessible than ever

It has been reported that direct air services will be resumed at Chachapoyas airport in Peru. This will have a significant impact on the tourist arrivals, a supposed 12 percent more tourists will visit Peru’s northern Amazonas region. The resumption of these air operations will greatly boost the tourism industry announced Manual Cabañas, the Peruvian regional director of Foreign Trade and Tourism. The regional government will also come into action as they will be implementing promotional procedures in order…