Peru

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

Venezuelan army said to have trespassed Guyanese border, attacked miners

Cecilia Jamasmie | June 30, 2014
Venezuelan army said to have trespassed Guyanese border, attacked miners

Miner allegedly failed to pay the soldiers a periodical fee in exchange for them turning a blind eye to illegal mining on Venezuelan territory.

Frik Els

Chinese M&A: Watch out for Las Bambas effect

Frik Els | June 29, 2014
Copper M&A: Watch out for Las Bambas effect

China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.

Main opponent of Newmont's gold project in Peru in prison

Cecilia Jamasmie | June 26, 2014
Main opponent of Newmont's gold project in Peru in prison

Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.

The real costs of public protest

Public Strategy Group | June 26, 2014
real cost of public protest

Community mobilization effective at raising costs to companies.

Peru’s President allegedly financed campaign with illegal mining funds

Cecilia Jamasmie | June 12, 2014
Peru’s President allegedly financed his campaign with illegal mining funds

Former head of the National Federation of Artisanal Miners of Peru claims the union gave Humala's party 17kg of gold to help finance his campaign.

Finally, good news for mining in Peru: Ricardo Carrión and Alberto Arispe

The Mining Report | June 3, 2014

Ricardo Carrión and Alberto Arispe of Peru-based Kallpa Securities have a boots-on-the-ground view of the politics, legal battles and investment climate for precious metals mining in the Andes.

Chinese copper asset buyers are out again

SNL Metals & Mining | May 29, 2014

Driven by China's seemingly insatiable demand for concentrates as more smelter capacity comes on-line and refined copper imports diminish, the need for foreign sourcing of copper raw materials is increasing.

Australia not adventurous enough in commitment to ‘essential hunting ground’ of Latin America

MINING.com Editor | May 28, 2014
LAThumb

The region produces 45% of the world’s copper, 50% of its silver, 26% of its molybdenum, and equally high percentages of zinc, gold and iron ore.

Gold miners consolidate in South America

Prospecting News | May 22, 2014

On May 21, 2014 Rio Alto Mining (RIOM-NYSE) announced that it would buy Sulliden Gold (SUE-TSX.V) in a deal valued at $300-million, creating a Peru-focussed gold miner.

Global gold, silver production to hit fresh records this year

Cecilia Jamasmie | May 18, 2014
Global gold, silver production to hit fresh records this year

But long-term future uncertain, reveals study.

Argentine minister says Chile, Peru mining models ‘a failure’

Cecilia Jamasmie | May 12, 2014
Argentine minister says Chile, Peru mining models ‘a failure’

The official was especially critical of the other two countries openness to foreign investors.

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

Cecilia Jamasmie | May 8, 2014
Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

South American, African mines lift Glencore Xstrata copper output

Cecilia Jamasmie | May 6, 2014
South American, African mines lift Glencore Xstrata copper output

Copper has gained an increasingly important role in Glencore Xstrata's portfolio since last year’s mega merger.

HudBay Minerals reports Q1 loss

Julienne Bay | May 1, 2014
hudbay-minerals-reports-q1-loss-

The company stated this decrease was primarily due to lower sales volumes and lower copper prices compared to the first quarter of 2013.

Fortuna Silver jumps after Mexico intercepts

Frik Els | April 29, 2014
Fortuna Silver jumps after Mexico intercepts

Vancouver-based miner's step-out drilling at producing San Jose mine shows great expansion potential.

About 40,000 illegal miners ignore Peru’s deadline to formalize status

Cecilia Jamasmie | April 23, 2014
About 40,000 illegal miners ignore Peru’s deadline to formalize status

Tension grows as the illicit miners keep evading government efforts to bring them into the formal economy.

Peru set to regain world’s second largest copper producer place this year

Cecilia Jamasmie | April 20, 2014
Peru set to regain world’s second largest copper producer place this year

The South American nation lost the title to China in 2012.

Fortuna Silver jumps after breaking production records

Frik Els | April 14, 2014
Fortuna Silver jumps after breaking production records

The Vancouver-based miner's shares surge after its silver and gold properties in Mexico and Peru up production more than 50%.

Glasenberg pulls off blockbuster Las Bambas deal

Frik Els | April 13, 2014
Las Bambas

Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.

Chinalco forced to halt Peru’s copper project over ongoing pollution

Cecilia Jamasmie | March 31, 2014
Chinalco forced to halt Peru’s copper project over ongoing pollution

The ruling was sparked by inspections carried out from March 16 to March 20 that detected contaminants in adjacent lakes.

Thousands of Peruvians protest against tougher illegal mining rules

Cecilia Jamasmie | March 26, 2014
Thousands of Peruvians protest against tougher illegal mining rules

They want the government to ease a regulation that forces more than 70,000 miners to register their mining activities by April 19 or otherwise face sanctions, including jail.

MMG confirms negotiations with Glencore over Las Bambas; no guarantee of agreement

Ana Komnenic | March 19, 2014
MMG confirms negotiations with Glencore Xstrata over Las Bambas

This is the first statement in which MMG has confirmed its intention to buy Las Bambas.

MMG in halt on possible deal with Glencore Xstrata over Las Bambas

Cecilia Jamasmie | March 18, 2014
Las Bambas

Las Bambas copper mine, located in Peru, is expected to fetch between $5 and $6 billion.

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