Peru

Peru set to regain world’s second largest copper producer place this year

Cecilia Jamasmie | April 20, 2014
Peru set to regain world’s second largest copper producer place this year

The South American nation lost the title to China in 2012.

Fortuna Silver jumps after breaking production records

Frik Els | April 14, 2014
Fortuna Silver jumps after breaking production records

The Vancouver-based miner's shares surge after its silver and gold properties in Mexico and Peru up production more than 50%.

Glasenberg pulls off blockbuster Las Bambas deal

Frik Els | April 13, 2014
Glencore gets $6bn cash for Las Bambas

Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.

Chinalco forced to halt Peru’s copper project over ongoing pollution

Cecilia Jamasmie | March 31, 2014
Chinalco forced to halt Peru’s copper project over ongoing pollution

The ruling was sparked by inspections carried out from March 16 to March 20 that detected contaminants in adjacent lakes.

Thousands of Peruvians protest against tougher illegal mining rules

Cecilia Jamasmie | March 26, 2014
Thousands of Peruvians protest against tougher illegal mining rules

They want the government to ease a regulation that forces more than 70,000 miners to register their mining activities by April 19 or otherwise face sanctions, including jail.

MMG confirms negotiations with Glencore over Las Bambas; no guarantee of agreement

Ana Komnenic | March 19, 2014
MMG confirms negotiations with Glencore Xstrata over Las Bambas

This is the first statement in which MMG has confirmed its intention to buy Las Bambas.

MMG in halt on possible deal with Glencore Xstrata over Las Bambas

Cecilia Jamasmie | March 18, 2014
Glencore gets $6bn cash for Las Bambas

Las Bambas copper mine, located in Peru, is expected to fetch between $5 and $6 billion.

Five major copper mines to begin operations in Peru by 2016

Cecilia Jamasmie | March 16, 2014
Five major copper mines to begin operations in Peru by 2016

Combined estimate investment exceeds $13 billion, says the government.

Glencore Xstrata logs $7.4bn net loss, eyes oil deal with Russia

Cecilia Jamasmie | March 4, 2014
Glencore Xstrata logs $7.4bn net loss as eyes oil deal with Russia

Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion

Peru’s copper sector the one with highest growth potential in the world—Chilean expert

Cecilia Jamasmie | February 5, 2014
Peru’s copper sector the one with highest growth potential in the world—Chilean expert

Peruvian copper projects are solid, competitive and less costly in terms of energy needs, says the expert.

Mining opposition risks $57bn projected investment in Peru

Cecilia Jamasmie | February 3, 2014
Mining opposition risks $57bn projected investment in Peru

Last year alone there were 149 conflicts involving mines in the country.

Newmont’s Conga opponents vandalize mine site, kidnap worker

Cecilia Jamasmie | January 17, 2014
Newmont’s Conga opponents vandalize mine site, kidnap worker

Contract security guard was freed early Friday.

Peru announces national strategy against illegal mining

Cecilia Jamasmie | January 13, 2014
Peru announces national strategy against illegal mining

Includes involvement of police and military forces.

Colombia wants illegal mining to be international crime

Cecilia Jamasmie | January 9, 2014
Colombia wants illegal mining to be international crime

Together with the other three members of he Andean Community of Nations —Ecuador, Peru and Bolivia— the country has committed to destroy machinery and even properties that can’t be seized.

Dr Doom lifts mining gloom

Frik Els | January 3, 2014
Dr Doom lifts Chinese gloom

Predictions of a hard landing in China will not pan out and global emerging market growth will accelerate in 2014 lifting demand for metals and minerals.

Newmont’s Conga copper and gold mine could restart next year—authorities

Cecilia Jamasmie | December 30, 2013
Newmont’s Conga copper and gold mine could restart next year—authorities

After meeting with locals, authorities said the company is likely to gain a social license to restart operations in 2014.

Gold mining in Brazil's amazon: Artisanal miners vs. mining companies

Ana Komnenic | December 26, 2013
Gold mining in Brazil's amazon: Artisanal miners vs. mining companies

Miners claim that while they have been trying to legalize their activities for years, mining companies have a much easier time getting their activities regularized with authorities.

Illegal mining is Latin America’s new cocaine

Cecilia Jamasmie | December 23, 2013
Illegal mining is Latin America’s new cocaine

Once confined to Peru and Colombia, the shady business has spread out to neighbouring countries and is generating up to five times more revenue than drug trafficking.

Peru’s $1bn Tia Maria copper mine gets social license, to restart mining soon

Cecilia Jamasmie | December 20, 2013
Peru’s $1bn Tia Maria copper mine gets social license, to restart mining soon

Work is likely to restart within the next 90 days, a top government official said following a public meeting with local residents.

Peru’s mining attracted close to $9bn in investments this year

Cecilia Jamasmie | December 16, 2013
Peru’s mining attracted close to $9bn in investments this year

The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.

Minister says Peru's copper production to jump 17% next year

Frik Els | December 1, 2013
Minister says Peru's copper production to jump 17% next year

Peru is "working hard" to start large scale copper projects put on hold by community and environmental protests.

Global exploration budgets down 29% in 2013

Cecilia Jamasmie | November 27, 2013
Global exploration budgets down 29% in 2013

Canada accounted for just over 13% of the total, the smallest share in 14 years. The DRC made it to the top 10 mining destinations for the first time.

Peru confirms China's largest copper producer wants a stake in Las Bambas

Cecilia Jamasmie | November 5, 2013
Peru confirms China's largest copper producer wants a stake in Las Bambas

Peru’s Minister of Energy and Mines Jorge Merino expects sale to close before the 2014 deadline.

Southern Copper’s $1bn Tia Maria mine to begin production in March

Cecilia Jamasmie | November 4, 2013
Southern Copper’s $1bn Tia Maria mine to begin production in March

The Peruvian copper project, halted in 2011 after clashes between residents and police that left three dead, could began production about a year ahead of schedule.

Top miners operating in Mexico to leave if 7.5% tax approved

Cecilia Jamasmie | October 28, 2013
Top miners operating in Mexico to leave if 7.5% tax approved

Goldcorp and Grupo Mexico may need to take billions of dollars in planned investments to other markets.

Rival Chinese miners shortlisted for Glencore's Las Bambas copper mine

Cecilia Jamasmie | October 10, 2013
Rival Chinese miners shortlisted for Las Bambas copper mine

Chinalco and Minmetals have been invited back to conduct due diligence and make a second bid, insiders said.

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