Peru Mining News

Double-digit growth expected for Chile, Colombia, Peru and Mexico — Scotiabank

Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.

Grupo Mexico seen bucking copper slump as analysts recommend buy

Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.

MMG’s gigantic Las Bambas mine in Peru makes first copper shipment to China

The company shipped roughly 10,000 tonnes of copper concentrate from Las Bambas from the Port of Matarani to China on Jan. 15.

Devastation caused by illegal miners in Peru reaches national reserve

Recently released satellite images show that devastation from illegal gold mining activities in Peru is now reaching the Tambopata National Reserve, an important protected area in the country’s southern Amazon.

Freeport-McMoRan chairman resigns, shares plummet

The company's co-founder James Moffett will step down as chairman and quit the board.

Mining projects worth $56 billion to come on stream in Peru beginning 2016

China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.

The world's 10 highest mines

Eight of the world's highest elevation mines are in one country

Giant mine pit ‘swallowing’ 400-year-old Peruvian town

The Peruvian city of Cerro de Pasco, perched high up in the Andes, is about to sink — literally and metaphorically — into the deeps of a half-century-old, open-pit zinc and lead mine.

Peru: Application of prior consultation law risks mining project delays

A recent decision by Peru’s government to require mining companies to carry out prior consultation with indigenous communities is set to further complicate the investment climate.

Latin America’s mining industry remains optimistic — report

Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.

Glencore shares soar on faster than expected debt reduction

The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.

Silver Wheaton pays $900m for Glencore silver stream

The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

MMG’s gigantic Las Bambas mine in Peru to open next year despite protests

The copper mine, one of the world's biggest, is on track to begin production in the first quarter of 2016, despite weak prices and relentless protests against the project.

Over $21bn worth of mining projects delayed in Peru due to social conflict

Six people have been killed in anti-mining protests so far this year, including three at last week's clash between police and locals near Las Bambas copper mine.

Copper price surges on South America supply cuts

Copper price up nearly 5% as Collahuasi cuts and deadly Las Bambas protests highlight risk to global mine supply.

Mining protests turn deadly in Peru

State of emergency declared at Las Bambas.

Glencore to sell part of its Chile, Peru copper output

The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.

Mineral IRL reopens Peru gold mine after reaching deal with locals

Latin America-focused precious metals miner extended a social contract with locals until 2018.

Minera IRL halts gold operation in Peru as protesters take over site

Around 100 locals invaded the site over the weekend, occupying a number of installations, and forcing the company to suspend all operations.

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

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

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

Prepare for flood of copper concentrate

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

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.