Peru Mining News

Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal

Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year.

Miramont expands Peruvian project but can't drill just yet

The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.

Oil and mining sector continue to grow in Peru

The mining sector showed an interannual growth of 0.16 per cent in May.

Copper price drops to 9-month low, but what about strikes?

Copper bears drop price 11% in 3 weeks, but new report shows labour contracts still up for renewal threaten 3 million tonnes of production just in Chile.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Southern Copper to begin operations at $2.5bn Michiquillay earlier than expected

Reaching agreements with residents near the project is expected to take about a year, followed by three to build the mine, which will begin operations by 2022.

Copper price: Chinese concentrate imports hit 18-year high

As scrap ban bites Chinese traders up May cargoes 37% year on year.

China's Chinalco starts $1.3bn expansion of Peru copper mine

The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually.

China's COSCO to build $2 bln shipping port in Peru

China is Peru's top trade partner and imports most of the minerals the South American country produces.

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.

Peru's Buenaventura seeks deal with Southern on copper project

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

Canada's Bear Creek prepares IPO in Peru to finance silver mine

Bear Creek would also consider selling a stake in the $550m Corani project in southern Peru to help pay for the project.

Top gold stock shows cash obsession is what investors want

Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.

Goldcorp says Peru and Nevada would make portfolio perfect

Goldcorp Inc. CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.

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.

Anglo close to selling part of stake in giant Peruvian copper project

Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.

Peruvian farmers to appeal U.S. court decision in land dispute with American miner

A U.S. court ruled that the Chaupe family case against Newmont Mining Corporation should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.

Workers end strike at Tahoe’s mine in Peru

Workers were demanding higher profit-sharing payouts.

Workers seek partner to buy and operate aging Peru smelter

La Oroya polymetallic smelter had been operated by Doe Run Peru, a unit of the U.S.-based Renco Group, from 1997 until the company went bankrupt in 2009 and its assets were transferred to a group of former creditors.

Peruvian president advocates for sustainable mining

Martín Vizcarra said that he was in favour of promoting mining development in his country.

Canadian miner halts operations in Peru due to community protests

Pan American Silver management has engaged with the protesters in a mediation process.

Canadian junior expands in Peru

Auryn Resources announced that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.

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.