Peru Mining News

Latin America the world’s most dangerous place for environmental activists

More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Here are the world’s top 10 gold producing mines

This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable.

Peru's illegal gold miners back Fujimori's vow to end crackdown

Fujimori says she will repeal laws aimed at protecting the environment that ban the use of dredges and heavy machinery by miners in rivers and wetlands.

State of emergency in Peru over mercury poisoning from illegal gold mining

The 60-day decree affects 11 districts in the Madre de Dios region, where several studies have found high levels of the toxic element in people, rivers and fish.

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

Chile's cheerless outlook for copper price

Top global producer sees surplus this year and next as mines pump out more metal and predicts decline in copper price from today's levels through 2017.

Newmont Mining investigating bribery allegations

The gold and copper miner didn’t specified where the alleged misconduct took place.

Looming zinc supply shortage good news for producers and explorers: Stefan Ioannou

The outlook for zinc appears bullish, says Stefan Ioannou of Haywood Securities, spearheaded by mine closures, dwindling production and the dearth of replacement projects.

Community opposition forces Newmont to abandon Conga project in Peru

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).

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

Workers at Freeport’s copper mine in Peru to down tools

About $22 billion worth of projects have been cancelled or delayed in Peru in recent years due mainly to anti-mining protests.

China's coming for your copper project

Faced with declining domestic production, China's top copper company says the "only solution is going overseas".

Sex trafficking 'staggering' in illegal Latin American gold mines-researchers

Thousands of people working there are prey to labour exploitation by organised crime groups, a think-tank said on Wednesday.

Mining to boost Peruvian GDP this year despite low copper prices

The country expects around $56 billion worth of mining projects to come on stream this year.

Barrick to spend about $2 billion in US, Peru gold projects

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.

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.