KBL signs MoU with Peru's National Water Authority

The company is foraying into Latin American market to tap the business opportunities

Eyeing Latin America's mining industry, Pune-based centrifugal pumps and valves manufacturer Kirloskar Brothers Ltd (KBL) has signed a memorandum of understanding (MoU) with Peru's National Water Authority (ANA) help the water authority in the management of water resources in Peru. With this, KBL is foraying into Latin American market to tap the business opportunities.

This will also help National Water Authority to manage the water resources required for mining activities in Peru. The MoU was signed at the LatAm Mine Water Conference, held at Lima recently.

"KBL is keen to partner with LatAm and develop water technologies that will reduce cost of mining and provide sustainable mining. The MoU with ANA marks a new beginning in the India-Peru relationship. With KBL's proprietary-technologies, mining companies can increase efficiencies The world is keenly following LatAm's mining companies and their performances. And the mining companies in turn are looking at technology providers to give solutions that will help them achieve sustainable development," said Jayant Sapre, executive director of KBL.
 

According to Sapre, in 2013, the Peruvian Mines and Energy Ministry estimated that the production of copper will soon reach 1.57 million tons, an 18 percent increase over 2012 that stemmed from a 7.8 percent increase the year before. The current value of mining investment is in the neighbourhood of US $ 10 billion. Peru is the world's second largest producer of silver and copper, sixth largest global producer of gold and it also has significant reserves of coal, iron ore, tin, sulfur and zinc.