The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.
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.
But China’s slowdown, rising costs and falling prices may get in the way.
Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.
The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.
A new study shows the costs of mining for the red metal have steadily declined over the past three years.
India's Trade Minister Nirmala Sitharaman recently announced that illegal gold seizures had jumped 30% in the previous year to $150 million.
New human rights tool will shed light on the events leading to the paralysis of Peruvian farmer during repression of 2011 protest.
Funds aim to help reduce the use of mercury and design remediation plans in Peru's southern regions.
Peru's mining production rebounded 5.8% in January as output of most major metals rose, the government said in a preliminary report.
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.
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.
Get Mining News and Alerts
sent to your inbox daily