Due to the ties that Dr. Biste has established lately to corporate geologists at the workshop about South American metalogeny in La Paz, Empresa Minera Bergbau AG is considering alternatives of mining investment in the Andean part of Peru.

As well as the neighboring state Bolivia, the country possesses an enormous potential of non-ferrous and precious metal deposits. Numerous deposits are actually in production.

Peru has an investment-friendly economic environment. Thus, at the moment, the country is rejoicing in economic growth of approximately 8.0%. Furthermore the creation of employment and improvement of the educational system brought forth within the last few years respectable results in reducing extreme poverty. The projects on offer are situated in the Andean region. Since 1980, Dr Biste has become well acquainted with this region due to his activities in a number of mines both in Bolivia and Peru.

The EMAG is also assessing the general business conditions for project development in Peru. The company will benefit from Dr Biste’s face-to-face contacts to Peruvian business men and diplomats. He has established these relations in the last years during his activity as honorary consul of the Federal Republic of Germany in Santa Cruz de la Sierra.

Santa Cruz, 15.09.2009

Dr. Michael H. Biste
Consultant – EMAG