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.
Peru Mining News
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.
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.
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.
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.
BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.
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.
The gold and copper miner didn’t specified where the alleged misconduct took place.
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.