Buenaventura eyes other nations for expansion - Regional
Published: Monday, December 10, 2007 11:47 (GMT -0400)

Peruvian precious metals miner Buenaventura (NYSE: BVN) is eyeing possible expansions into northern Mexico and other parts of Latin America, according to newspaper Gestión.

Last week the company reported plans to open an office in Argentina with a view to exploring in San Juan province.

The newspaper said Buenaventura may also be interested in Brazil and Ecuador as other destinations for growth.

Buenaventura is a gold and silver producer but has only had operations and explorations in Peru so far.

"Each time we've found an alternative for mining investment abroad we've also discovered a better one in Peru," company CEO Roque Benavides told the paper.

"We have defined that our area of development is Latin America," Benavides added.