Peru

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Latin American mines are most dissatisfied with the cost of maintenance and servicing

Timetric | August 20, 2015

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.

Peruvian police burns down entire illegal gold mine town

Cecilia Jamasmie | July 31, 2015
Peruvian police burns down entire illegal gold mine town

The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.

Prepare for flood of copper concentrate

Frik Els | July 15, 2015
Prepare for flood of copper cocentrate

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.

Canadian Kaizen to buy Pinaya copper-gold project in Peru

MINING.com News | July 6, 2015

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.

Behind Latin America’s anti-mining protests: water concerns

World Politics Review | June 25, 2015

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.

Gold toll milling in Peru

Montan Mining | June 19, 2015
montan mining

Montan was specifically created to be in Peru because our management team has a track record of success, experience and roots there.

The world’s top 10 gold mines

Vladimir Basov | June 16, 2015
Blockade lifted at Freeport Grasberg mine in Indonesia

Together these giant gold operations produce more than 10 million ounces per year.

Peru mining investment down 14% on unrest, violence, low metal prices

Cecilia Jamasmie | June 11, 2015
Peru mining investment down 14% on unrest, violence

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.

Gigantic Chinese-owned mine shaking up copper's top tier

Frik Els | June 10, 2015
Gigantic new copper mine reaches milestone

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.

Southern Copper mulls extending Tia Maria project halt

Cecilia Jamasmie | June 5, 2015
Southern Copper mulls extending Tia Maria project halt

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.

Gold mining still most significant source of income in Africa, Asia — WGC

Cecilia Jamasmie | June 5, 2015
Gold mining still most significant source of income in Africa, Asia — WGC

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.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

Cecilia Jamasmie | May 25, 2015
State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

A mining investor’s guide to toll milling in Peru

CEO.CA | May 21, 2015
peru 400

Mining engineer Jamie Keech travels to Peru to learn about the toll milling business model that a lot of juniors are embracing.

Australian miners warned not to ignore ties between Latin America, Asia

Field Public Relations | May 20, 2015
australian-miners-warned-not-to-ignore-latin-america-asia

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.

Peruvian discovery may hold ‘hidden pool’ of rare earths

Cecilia Jamasmie | May 19, 2015
Peruvian discovery may hold ‘hidden pool’ of rare earths

Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.

Why Ricardo Carrión and Alberto Arispe are optimistic about mining in Peru

The Gold Report | May 18, 2015
Miners back to work at Peru’s Antamina copper mine

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.

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

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.

Major blow to illegal mining in Colombia’s Amazon: 59 arrested

Cecilia Jamasmie | May 12, 2015
Major blow to illegal mining in Colombia’s Amazon: 59 arrested

The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.

Peru sends troops to quell mine protest

Andrew Topf | May 10, 2015
Image: screenshot by teleSUR English via Youtube

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.

Peru silver production up almost 9% this year

Cecilia Jamasmie | May 6, 2015
Peru silver production up almost 9% this year

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.

Peru announces US$1.6 billion stimulus package

Peru this Week | April 30, 2015

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.

Tahoe Resources is up after reporting net earnings of $31.9 million

MINING.com Editor | April 28, 2015
tahoe Resources q1

Operations continue to perform within guidance.

One killed at protests against Tia Maria copper project in Peru

Cecilia Jamasmie | April 23, 2015
One killed at protests against Tia Maria copper project in Peru

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.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

Cecilia Jamasmie | April 16, 2015
Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

$8m grant awarded to Artisanal Gold Council to develop the sector in Peru

Artisanal Gold Council | April 15, 2015
Peru’s illegal mining brings in over $3 billion a year: authorities

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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