Peru

By Pablo Fazio The process of regulating cannabis has been complex and varied, with advances and setbacks occurring in different regions around the world. While much of the global attention is focused on the United States, where the rescheduling of cannabis dominates headlines, the situation in...

A new Chinese megaport on the coast of Chancay, Peru, stands to threaten U.S. trading influence with resource-rich South America. China Ocean Shipping Group, the port’s majority owner also known as Cosco, expects to open the massive facility later this year, Bloomberg reported. The port is...

Peru is targeting an ambitious increase in copper production, aiming to reach 4 million tons annually, driven by the expansion of its principal Cerro Verde mine and the development of other significant projects. Peruvian Minister of Energy and Mines, Rómulo Mucho, highlighted these plans as part of...

Australian multinational miner BHP Group's (NYSE:BHP) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion...

Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Latin America amidst a surge in demand that saw gold spike to $2,300 per ounce for the first time ever. The leading global gold miner is eyeing the southern district of Puno, Peru, where it conducted exploration activities two years ago....

Peru has given the greenlight for a $2 billion expansion at the Antamina copper and zinc mine.  One of the largest Peruvian mines boasts ownership from prominent companies such as Glencore PLC (OTCPK: GLCNF), BHP Group Ltd (NYSE:BHP), Teck Resources (NYSE:TECK) and Mitsubishi Corporation (OTCPK:...

Peru's National Prosecutor's Office alleges gold mining gangs are behind recent “alien” sightings to terrorize locals, New York Post reports. Residents of Alto Nanay, a northern Amazon Basin village, have reported encounters with 7-foot “aliens” since mid-July. Initially...

The upcoming Peru Blockchain Conference 2023 (#PBCONF23) is set to become a pivotal event for the growth of the crypto community across Latin America. Taking place in Lima's Auditorio NOS PUCP on April 28 and 29, the conference aims to build on the success of its predecessor, the Lima Crypto...

Netflix Inc. (NASDAQ:NFLX) mistakenly announced a new set of rules for cracking down on password sharing — and the internet was in an uproar. The rules have since been retracted.  What Happened: Netflix has been testing the “paid sharing” feature in three countries —...

Peru’s Congress reportedly ignored President Pedro Castillo’s attempt to shut down the legislature by force and impeached him on Wednesday. What Happened: The legislative body asked Vice President Dina Boluarte to take the reigns of the presidency, making her the nation’s...

By Franca Quarneti via El Planteo. In Peru, the medical center Cannahope and QF Farmacia Magistral signed an agreement to facilitate access to medical cannabis for low-income patients. According to Peru's Center for Cannabis Studies, medical marijuana could help up to 7 million people in the...

AstraZeneca plc (NYSE: AZN) has received the regulatory nod to conduct clinical trials of its COVID-19 vaccine in Chile and Peru, Reuters reported Wednesday. What Happened: Chile’s President Sebastian Pinera said that his nation’s health regulator had approved the British company...

Regulatory, economic and pandemic-related hurdles have held up Latin America’s success as a global exporter of cannabis. In an enticing live panel, Cantor Fitzgerald Analyst Pablo Zuanic interviewed experts from the region in order to get a clear understanding of the current state of...

In an effort to expand across Latin America, Khiron Life Sciences Corp. (OTCQX: KHRNF) recently partnered with e-commerce company Rappi to launch and distribute a line of CBD products to Uruguay and Costa Rica. Khiron CEO Alvaro Torres told Benzinga the...

Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF) has received all regulatory approvals to commence the import, distribution, and commercialization of full-spectrum, high-CBD medical cannabis products to Peru. The Toronto-based vertically integrated cannabis company confirmed...