The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.
Peru Mining News
The approval of the supreme decree 042-2017 in December might generate more unrest.
Investments grew by 54.8% compared to the same month of 2016.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
Auction of $2 billion Michiquillay project in northern Peru slated for this week is canceled by the embattled government of President Pedro Pablo Kuczynski.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.
The walkout, which involved 3,000 members of two out of the five Southern Copper unions in Peru, has been declared illegal by the labor ministry.
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.
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.
The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.
More than in the past, the population is divided on whether globalization is a force for good or not.
Community protests had forced the firm to halt output at Uchucchacua last week.
Production at Buenaventura's Uchucchacua (NYSE:BVN) silver-lead-zinc mine in Peru has been disrupted since Tuesday due to a dispute with the Oyon, an Andean people.
Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.
Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.
Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20
Lawsuit was filed last year after the miner halted payments due to a local group.
The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.
Company is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold.
Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.
Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.
The massive project is expected to process close to 80,000 tonnes of copper ore a day.
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
The company plans to locate the installation next to its existing Rio Seco manganese plant in the Peruvian province of Huaral.