Peru

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

The religion of gold

GlobeNewswire | March 23, 2015

India's Trade Minister Nirmala Sitharaman recently announced that illegal gold seizures had jumped 30% in the previous year to $150 million.

Newmont Mining ordered to turn over evidence to Peruvian wounded in protest

EarthRights | March 19, 2015

New human rights tool will shed light on the events leading to the paralysis of Peruvian farmer during repression of 2011 protest.

US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Cecilia Jamasmie | March 19, 2015
US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Funds aim to help reduce the use of mercury and design remediation plans in Peru's southern regions.

Peru mining output rises on zinc, silver, lead

Business News Americas | March 3, 2015
Chinese investment to make Peru world’s second-largest copper producer

Peru's mining production rebounded 5.8% in January as output of most major metals rose, the government said in a preliminary report.

Focus on Latin American mining industry

The region of Latin America covers one-sixth of the Earth and produces more than its share of the world’s three most important metals – iron ore, copper and, of course, the ubiquitous gold.

Large platinum group metals claim reported in Peru

PR Newswire | February 16, 2015
Large platinum broup metals claim reported in Peru - Gabby_RioSol_geologist and geochemist

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.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Fortuna Silver slumps 9% despite impressive drilling in Mexico

Frik Els | January 21, 2015
Fortuna Silver slumps 9% despite impressive drilling in Mexico

Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.

Lust for gold eating up the world’s last rainforests: study

Cecilia Jamasmie | January 16, 2015
Lust for gold eating up the world’s last rainforests: study

Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.

Peru mining output falls in Nov on copper, silver, tin declines

Cihan Media Services | January 4, 2015

Peru's mining production fell 1.05% in November as copper, silver, tin and molybdenum output declined, the government said in a preliminary report.

Rare earths discovered in Peru

Cecilia Jamasmie | December 30, 2014
Rare earths discovered in Peru

The discovery — located approximately 95 km northwest of Cusco— contains both light rare earth elements (LREEs) and heavy rare earth elements and metals (HREEs).

Peru environmental agency gets tougher on miners

Cecilia Jamasmie | December 30, 2014
Peru environmental agency gets tougher on miners

The move aims to expedite the processing and sanction of pollution cases.

Miners back to work at Peru’s Antamina copper mine

Cecilia Jamasmie | December 15, 2014
Miners back to work at Peru’s Antamina copper mine

This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.

New strike hits Peru's largest copper mine

Cecilia Jamasmie | December 11, 2014
New strike hits Peru's largest copper mine

Unionized workers at Antamina downed tools at midnight Wednesday.

Hochschild slashes management pay, turns chairman into non-executive

Cecilia Jamasmie | December 10, 2014
Hochschild slashes management pay, turns chairman into non-executive

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.

Larger players account for 40% of global exploration budgets

SNL Metals & Mining | December 9, 2014
Low metal prices put chill on global mineral exploration

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.

Anglo American drops Peru copper project

Frik Els | December 5, 2014
Anglo American drops Peru copper project

Miner's belt tightening continues.

Guyana gold

Scott Wright - Zeal Intelligence | November 30, 2014

South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there.

Copper hits 4-year low in New York

Cecilia Jamasmie | November 28, 2014
Copper hits 4-year low in New York

End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.

Mariana Resources down after dumping copper-gold project in Peru

Cecilia Jamasmie | November 27, 2014
Mariana Resources down after dumping copper-gold project in Peru

Company say it would focus on core projects.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

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.

Peru blows up machines to scare away illegal gold miners

Cecilia Jamasmie | November 19, 2014
Peru blows up machines to scare away illegal gold miners

Just weeks before the country hosts U.N.-sponsored climate talks.

Strike at Peru's top copper mine not hurting output: firm

Cecilia Jamasmie | November 18, 2014
Strike at Peru's top copper mine not hurting output: miner

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

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