The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
New study shows mines throughout Latin America are dissatisfied with their Original Equipment Manufacturers (OEMs) over cost-related factors, in particular maintenance and servicing costs.
The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.
New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.
The miner is is acquiring a 100% interest in the Pinaya copper-gold project from AM Gold (TSXV: AMG) for $4.5 million to diversify its portfolio.
Mining conflicts are intensifying across Latin America, with 218 mining projects embroiled in conflicts with 312 communities—including six conflicts spanning national borders—from Mexico to Argentina.
Montan was specifically created to be in Peru because our management team has a track record of success, experience and roots there.
Together these giant gold operations produce more than 10 million ounces per year.
Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.
Chinese-owned Peruvian mine inks 15-year transport deal moving 400,000 tonnes per year from January 1 2016 making it the planet's third largest copper mine.
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.
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.
Mining engineer Jamie Keech travels to Peru to learn about the toll milling business model that a lot of juniors are embracing.
The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.
Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.
Arispe and Carrión highlight the mining-friendly government, the new production from many sources and point to several juicy projects that lack only the means to further unlock Peru's mineral riches.
The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.
The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.
The Peruvian government has deployed troops near the Tia Maria copper project, to deal with the deaths of a protester and a policeman over the past week.
Last year, the nation’s silver output reached about 3.3 million tonnes, making it the second biggest producer of the precious metal after Mexico.
The Minister of Economy and Finance has announced a series of measures expected to raise Peruvians’ spending power and reinvigorate the country’s slowing economy.
Operations continue to perform within guidance.
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.
The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.
The grant will help fund a project to be carried out in Peru over the next five years focused on the sustainable development of a responsible artisanal gold sector.
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