Bloomberg News

Peru Stocks: Minera IRL, Relapasa, Rio Alto, Southern Copper

November 29, 2011

Nov. 29 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 12:40 p.m. New York time.

The Lima General Index gained for a second session, adding 0.4 percent to 19,244.66. The MSCI All Peru Capped Index climbed 0.7 percent to 2,497.92.

Industrial and mining stocks gained as investors bet European leaders will be able to tame the debt crisis, said Inteligo SAB portfolio manager Gonzalo Alvarez.

Rio Alto Mining Ltd. (RIO PE), a Canadian gold exploration company, gained for the fifth session in six, adding 3 percent to $3.05. Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, rose 2.8 percent to $1.10 after announcing it made the final $2 million payment to Rio Tinto Plc for the Ollachea gold deposit. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, climbed 2.8 percent to $29.80. Refineria la Pampilla SA (RELAPAC1 PE), a unit of Spain’s Repsol YPF SA known as Relapasa, gained 1.3 percent to 81 centimos after crude rose in New York. Cementos Lima SA (CEMLIMC1 PE), the country’s biggest cement maker, advanced 1 percent to 2.07 soles.

--Editors: Marie-France Han, Glenn J. Kalinoski

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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