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Stock impact report

Argentina's Copper Rush Lures Top Power Generator Central Puerto [BNN Bloomberg (Canada)]

Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU) 
Last central puerto s.a. american depositary shares (each represents ten common shares) earnings: 11/11 08:32 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Central Puerto SA wants to take non-operating stakes in copper projects, gaining a board seat to help an international investor navigate the complex waters of Argentine politics and regulations. The Buenos Aires-based firm is looking at three projects — in San Juan, Santa Cruz and Salta provinces — and has received partnership interest from a mining company. “As a new arrival with a learning curve ahead, we're looking at projects that are a little more developed, so not in the greenfield stage — projects with more certainty and less risk,” Adrian Salvatore, Central Puerto's corporate affairs director, said in a Monday interview at a mining conference in Toronto. The company, which trades in New York, recently changed its corporate statutes to be able to diversify out of power generation and tap the growth in Argentina's minerals sector. While neighboring Chile is the world's biggest exporter of copper, developments on the Argentine side of the Andes are only just beginning. Gle Show less Read more
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