Peru

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Aggressive cost-cutting boosts silver miner Hochschild core profit

Cecilia Jamasmie | August 20, 2014
Aggressive cost-cutting boosts silver miner Hochschild core profit

Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.

INFOGRAPHIC: Best, brightest CEOs in mining

Visual Capitalist | August 20, 2014
CEOs in mining feat

Who were the top earners in 2013?

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Chris Thompson: Gold and silver miners that can make money now

The Gold Report | August 13, 2014
Gold and silver miners that can make money now

"My view is that it's all about real return."

Peru gives Southern Copper’s $1.4bn Tia Maria copper mine final approval

Cecilia Jamasmie | August 6, 2014
Peru gives Southern Copper’s $1.4bn Tia Maria copper mine final approval

The mine is expected to produce 120,000 tons of copper a year during its 20 years of mine life.

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

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.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

Venezuelan army said to have trespassed Guyanese border, attacked miners

Cecilia Jamasmie | June 30, 2014
Venezuelan army said to have trespassed Guyanese border, attacked miners

Miner allegedly failed to pay the soldiers a periodical fee in exchange for them turning a blind eye to illegal mining on Venezuelan territory.

Frik Els

Chinese M&A: Watch out for Las Bambas effect

Frik Els | June 29, 2014
Copper M&A: Watch out for Las Bambas effect

China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.

Main opponent of Newmont's gold project in Peru in prison

Cecilia Jamasmie | June 26, 2014
Main opponent of Newmont's gold project in Peru in prison

Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.

The real costs of public protest

Public Strategy Group | June 26, 2014
real cost of public protest

Community mobilization effective at raising costs to companies.

Peru’s President allegedly financed campaign with illegal mining funds

Cecilia Jamasmie | June 12, 2014
Peru’s President allegedly financed his campaign with illegal mining funds

Former head of the National Federation of Artisanal Miners of Peru claims the union gave Humala's party 17kg of gold to help finance his campaign.

Finally, good news for mining in Peru: Ricardo Carrión and Alberto Arispe

The Mining Report | June 3, 2014

Ricardo Carrión and Alberto Arispe of Peru-based Kallpa Securities have a boots-on-the-ground view of the politics, legal battles and investment climate for precious metals mining in the Andes.

Chinese copper asset buyers are out again

SNL Metals & Mining | May 29, 2014

Driven by China's seemingly insatiable demand for concentrates as more smelter capacity comes on-line and refined copper imports diminish, the need for foreign sourcing of copper raw materials is increasing.

Australia not adventurous enough in commitment to ‘essential hunting ground’ of Latin America

MINING.com Editor | May 28, 2014
LAThumb

The region produces 45% of the world’s copper, 50% of its silver, 26% of its molybdenum, and equally high percentages of zinc, gold and iron ore.

Gold miners consolidate in South America

Prospecting News | May 22, 2014

On May 21, 2014 Rio Alto Mining (RIOM-NYSE) announced that it would buy Sulliden Gold (SUE-TSX.V) in a deal valued at $300-million, creating a Peru-focussed gold miner.

Global gold, silver production to hit fresh records this year

Cecilia Jamasmie | May 18, 2014
Global gold, silver production to hit fresh records this year

But long-term future uncertain, reveals study.

Argentine minister says Chile, Peru mining models ‘a failure’

Cecilia Jamasmie | May 12, 2014
Argentine minister says Chile, Peru mining models ‘a failure’

The official was especially critical of the other two countries openness to foreign investors.

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

Cecilia Jamasmie | May 8, 2014
Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

South American, African mines lift Glencore Xstrata copper output

Cecilia Jamasmie | May 6, 2014
South American, African mines lift Glencore Xstrata copper output

Copper has gained an increasingly important role in Glencore Xstrata's portfolio since last year’s mega merger.

HudBay Minerals reports Q1 loss

Julienne Bay | May 1, 2014
hudbay-minerals-reports-q1-loss-

The company stated this decrease was primarily due to lower sales volumes and lower copper prices compared to the first quarter of 2013.

Fortuna Silver jumps after Mexico intercepts

Frik Els | April 29, 2014
Fortuna Silver jumps after Mexico intercepts

Vancouver-based miner's step-out drilling at producing San Jose mine shows great expansion potential.

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