NEW YORK -- Peru has begun soliciting offers for up to 100% ownership interest in Centromin Peru, the country's largest state-owned mining company.

The sale, led by co-advisers Chase Manhattan Bank and Coopers & Lybrand, will be in the form of an international competitive tender and will be aimed at companies or consortiums with proven technical and financial capabilities to purchase and develop the operations of Centromin.

The company's 1992 sales totaled about $405 million, of which more than 70% were exports.

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