CHASE TO HELP PERU
IN MINING PRIVATIZATIONLIMA, Peru - Peru's state-owned Centromin mining company will retain the services of U.S.-based Chase Manhattan Corp. to promote its privatization, a Centromin executive said.
Chase Manhattan, in association with the U.S.-based accounting firm of Coopers and Lybrand, won the 12-month contract to promote Centromin's sale, Centromin's chairman, Hernan Barreto, said.
Centromin is Peru's largest mining company with seven copper, lead, zinc and silver mines, and is the country's top producer of zinc, lead and silver concentrate.
INDIA'S ORISSA GETS OK
ON ALUMINA PLANTS
NEW DELHI, India - The Indian government has approved the establishment of three alumina plants of 1 million metric tons each in southeastern Orissa state, the Economic Times newspaper said last week.
It quoted Biju Patnaik, the state chief minister, as telling reporters that Indian Aluminium Co., in collaboration with Alcan Ltd., will set up a 1 million-ton alumina plant in the Korapur district.
The second alumina unit will be built by India's Larsen and Toubro Co. in the Kalahandi district.
The company will also have the mining rights over Kuturmali and Suujurmali bauxite reserves in the same district.
The state-owned Orissa Mining Corp. will have the mining rights over Baphlibali bauxite reserve, the chief minister said.
DUTCH FARMERS TURN
TO BREEDING OSTRICHES
AMSTERDAM, Netherlands - Dutch farmers, keen to diversify as the European Community slashes their subsidies, have hit on a new venture - ostrich farming.
South African farmers have bred ostriches for more than 100 years and Texan breeders prize the birds' leathery skin for making cowboy boots.
But the bird has only recently attracted followers in Europe as farmers seek an alternative use for their pastures in the face of EC curbs on milk production.
A handful of Dutch farmers have started breeding ostriches. Entrepreneurs Jan Arends and Fred van der Horst, who plan a course for aspiring ostrich farmers, say they have had about 150 inquiries.