Grupo Mexico Mining News

Southern has copper giants in crosshairs with Peru expansion

Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico.

Mexico violence hits Canadian silver miner's operations

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.

Tía María copper project gaining legitimacy in Peru: exec

Southern Copper’s Manager of Technical Services said that the company has been able to knock down previous resistance from local communities.

Southern Copper says legal dispute over Peru's Tia Maria resolved

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.

Spanish activists reject reopening of Los Frailes mine

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.

Peru will not 'impose' mining projects on communities -prime minister

The government of new Peruvian President Martin Vizcarra said it would not "impose" mining projects on nearby communities that object to them.

Southern Copper surprises with $287.5 million net loss in fourth quarter

Analysts had forecast a $419 million net profit for the company in the fourth quarter.

These are the top mining projects in Peru to watch in 2018

Mining investment in Peru is expected to grow 9% this year when compared to 2016, marking the end of a three-year decline than began in 2014, to reach $10 billion next year thanks to these projects.

Southern Copper says Peru operations normal despite strike

This is the third strike this year over profit-sharing staged by the company’s unions and it affects Southern Copper's two mines in the country — Cuajone and Toquepala.

Southern Copper to resume Tia Maria project in Peru as permit imminent

Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

Southern Copper's $1.2bn Peru mine expansion ready by year-end

The new section of the Toquepala open-pit mine in southern Tacna, Peru, is expected to begin operations in early 2018.

Grupo Mexico seen bucking copper slump as analysts recommend buy

Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.

Mining projects worth $56 billion to come on stream in Peru beginning 2016

China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

Over $21bn worth of mining projects delayed in Peru due to social conflict

Six people have been killed in anti-mining protests so far this year, including three at last week's clash between police and locals near Las Bambas copper mine.

Southern Copper mulls extending Tia Maria project halt

The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

One killed at protests against Tia Maria copper project in Peru

Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Southern Copper’s Tia Maria safe for the environment — Peru minister

Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.

Reopening of controversial Spanish copper mine sparks heated debate

The contract has been awarded to a consortium headed by Grupo Mexico, the same company responsible of a major toxic spill in Sonora last year.

Costs of Mexico copper mine spill climbs to almost $140 million

Figure is based on preliminary assessments of the damage caused to water, flora, fauna, and wildlife, as well as official information on water quality.

Gold output hike boosts Mexico’s Durango state appeal

The news represents a relief for local authorities, which have seen several projects halted in recent months.