The gold and copper miner didn’t specified where the alleged misconduct took place.
Peru Mining News
The outlook for zinc appears bullish, says Stefan Ioannou of Haywood Securities, spearheaded by mine closures, dwindling production and the dearth of replacement projects.
The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).
Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.
About $22 billion worth of projects have been cancelled or delayed in Peru in recent years due mainly to anti-mining protests.
Faced with declining domestic production, China's top copper company says the "only solution is going overseas".
Thousands of people working there are prey to labour exploitation by organised crime groups, a think-tank said on Wednesday.
The country expects around $56 billion worth of mining projects to come on stream this year.
The world’s largest gold miner also said it would redeem up to $750 million in notes to help cut debt by at least $2bn this year.
Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.
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.
The company shipped roughly 10,000 tonnes of copper concentrate from Las Bambas from the Port of Matarani to China on Jan. 15.
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.
The company's co-founder James Moffett will step down as chairman and quit the board.
China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.
Eight of the world's highest elevation mines are in one country
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.
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.
Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.
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.
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
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.
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.
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 up nearly 5% as Collahuasi cuts and deadly Las Bambas protests highlight risk to global mine supply.