Today the company announces the next strategic claim it is bringing to market – an approximately 39 square kilometer claim located 70-75 kilometers from Cusco and potentially the first gabbroic PGM claim in Peru or South America that includes platinum and palladium.
The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.
Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.
Peru's mining production fell 1.05% in November as copper, silver, tin and molybdenum output declined, the government said in a preliminary report.
The discovery — located approximately 95 km northwest of Cusco— contains both light rare earth elements (LREEs) and heavy rare earth elements and metals (HREEs).
The move aims to expedite the processing and sanction of pollution cases.
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
Unionized workers at Antamina downed tools at midnight Wednesday.
The miner has set out changes to the chairman's role and, as part of its on-going cost cutting program, is further cutting board pay.
A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.
Miner's belt tightening continues.
South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
Company say it would focus on core projects.
The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.
Just weeks before the country hosts U.N.-sponsored climate talks.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.
Talks aimed at preventing a November 10 strike at Antamina copper mine, broke down this week.
The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.
Jailed Gregorio Santos is set to win the re-election in the country’s gold-rich Cajamarca region, casting fresh doubts on the future of the long-delayed copper and gold project.
Agreement with the government of Catamarca ensures a smooth permitting process for the miner’s 6.5 million ounce Agua Rica Gold project.
Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.
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