There are signs that the stalled $5 billion project could be reactivated.
Peru Mining News
The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.
Chile-focused miner is raising its dividend by 177%.
Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.
The strike started at 7:30 (12:30 GMT) and has affected production at the smelter, said the union's secretary general, Simon Diaz.
Winning bidder for Michiquillay project says production will start in 2025 to become one of the largest mines in the world's number two producing country.
Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru
Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.
President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.
Peru will strengthen position in top five gold and silver producing countries in the world if it makes most of the reserves of these two metals.
Analysts had forecast a $419 million net profit for the company in the fourth quarter.
An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.
Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies.
An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse.
The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.
The approval of the supreme decree 042-2017 in December might generate more unrest.
Investments grew by 54.8% compared to the same month of 2016.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
Auction of $2 billion Michiquillay project in northern Peru slated for this week is canceled by the embattled government of President Pedro Pablo Kuczynski.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.
The walkout, which involved 3,000 members of two out of the five Southern Copper unions in Peru, has been declared illegal by the labor ministry.
Mining investment in Peru is expected to grow 9% this year when compared to 2016, marking the end of a three-year decline than began in 2014, to reach $10 billion next year thanks to these projects.
This is the third strike this year over profit-sharing staged by the company’s unions and it affects Southern Copper's two mines in the country — Cuajone and Toquepala.
The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.