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.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
Company say it would focus on core projects.
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.
Just weeks before the country hosts U.N.-sponsored climate talks.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.
Talks aimed at preventing a November 10 strike at Antamina copper mine, broke down this week.
The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.
Jailed Gregorio Santos is set to win the re-election in the country’s gold-rich Cajamarca region, casting fresh doubts on the future of the long-delayed copper and gold project.
Agreement with the government of Catamarca ensures a smooth permitting process for the miner’s 6.5 million ounce Agua Rica Gold project.
Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.
Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.
Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.
Chinese backers are now behind one-third of all Peru’s new mining investments by value.
Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.
Who were the top earners in 2013?
The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.
"My view is that it's all about real return."
The mine is expected to produce 120,000 tons of copper a year during its 20 years of mine life.
Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.
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