Aker Kvaerner to conduct Feasibility Study & Luis J. Baertl joins Advisory Committee
28 Agosto 2006 - 11:12AM
PR Newswire (US)
VANCOUVER, Aug. 28 /PRNewswire-FirstCall/ -- Peru Copper Inc.
(TSX:PCR/AMEX:CUP/BVL:CUP) ("Peru Copper" or the "Company") is
pleased to announce that it has commissioned Aker Kvaerner Metals,
in Tucson, Arizona to conduct a Feasibility Study for its Toromocho
copper project in Peru. Charles G. Preble, Company CEO and
President, said "Our hiring of Aker Kvaerner to complete the
feasibility study represents another important milestone in the
development of our world-class Toromocho copper project. We have
been working on the project on a fast track basis since its
acquisition and the commencement of the feasibility study continues
the project on that path. We estimate that the study should be
completed in approximately 12 months as many components of the
study have been underway for some time." Aker Kvaerner is a leading
global provider of engineering and construction services,
technology products and integrated solutions. The business within
Aker Kvaerner comprises several industries, including Oil &
Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals
& Biotechnology, Power Generation and Pulp & Paper. Aker
Kvaerner has performed studies, engineering, procurement,
construction and commissioning for many of the largest copper
projects in the world. Advisory Committee The Company is also
pleased to announce that Mr. Luis J. Baertl has been appointed to
the Advisory Committee. Mr. Baertl, a founder of Peru Copper Inc.,
has extensive financial, business and technical expertise related
to the mining industry both in Latin America and internationally,
having worked and consulted for several multi-national mining and
financial groups. Mr. Baertl began his career with Banco
Continental Del Peru and was actively involved in international
banking and project financing related to the mining industry
through executive positions held with Citicorp Citibank and The
Chase Manhattan Bank. As Senior Vice-President of Corporate
Development with Barrick Gold Corp., Mr. Baertl actively
participated in the acquisition of LAC Minerals and Arequipa
Resources Ltd. and was involved in the consolidation of the Pascua
property in Chile, as well as the Veladero and Lama joint ventures
in Argentina. As a senior officer with Billiton he participated in
the expansion of their Base Metals business development strategy.
Through his work as a consultant within the mining industry, Mr.
Baertl has provided advisory services to several internationally
recognized mining groups. Mr. Baertl will be joining Mr. Geoff
Loudon, a successful mine finder and developer and Mr. John Hunt, a
world-class ore deposits geologist and explorationist. Mr. Loudon
has over 40 years experience as a mining professional and was
responsible for the discovery of the Lihir gold deposit in Papua
New Guinea. Mr. Loudon is currently a director of Lihir Gold
Limited. Mr. Hunt has been the President of Hunt Exploration, Inc.
and General Partner of Hunt, Ware & Proffett since 1974. Peru
Copper is involved in the acquisition and exploration of
potentially mineable deposits of copper in Peru. On June 11, 2003,
Peru Copper entered into the Toromocho Option Agreement with
Empresa Minera del Centro del Peru S.A. ("Centromin"), a Peruvian
state-owned mining company, whereby Centromin granted the Company
the option to acquire its interest in the mining concessions and
related assets of the Toromocho Project. Cautionary Note to U.S.
Investors - The United States Securities and Exchange Commission
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms
in this press release, such as "mineral deposit", that the SEC
guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S. Investors are urged
to consider closely the disclosure in our Form F-1 Registration
Statement, File # 333-121527, which may be secured from us, or from
the SEC's website at http://www.sec.gov/edgar.shtml.
Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors identified in the
Peru Copper Inc. periodic filings with Canadian Securities
Regulators. Such forward-looking information represents
management's best judgment based on information currently
available. No forward-looking statement can be guaranteed and
actual future results may vary materially. Peru Copper does not
assume the obligation to update any forward-looking statement. Safe
Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of
historical fact contained herein, the information presented
constitutes "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, including but not limited to those with
respect to the price of copper, the timing of completion of
exploration activities and the determination and amount of
estimated mineral resources involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of Peru Copper Inc. to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to the exploration and
potential development of the properties owned by the company, risks
related to international operations, the actual results of current
exploration activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined,
future prices of copper, silver, molybdenum and gold, as well as
those factors discussed in the section entitled "Risk Factors" in
the Form F-1 as on file with the Securities and Exchange Commission
in Washington, D.C. Although Peru Copper Inc. has attempted to
identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. CONTACT:
Patrick De Witt, Director of Investor Relations at (604) 689-0234
or DATASOURCE: Peru Copper Inc. CONTACT: Patrick De Witt, Director
of Investor Relations at (604) 689-0234 or
Copyright