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.
Peru Mining News
The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.
More than in the past, the population is divided on whether globalization is a force for good or not.
Community protests had forced the firm to halt output at Uchucchacua last week.
Production at Buenaventura's Uchucchacua (NYSE:BVN) silver-lead-zinc mine in Peru has been disrupted since Tuesday due to a dispute with the Oyon, an Andean people.
Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.
Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.
Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20
Lawsuit was filed last year after the miner halted payments due to a local group.
The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.
Company is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold.
Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.
Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.
The massive project is expected to process close to 80,000 tonnes of copper ore a day.
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
The company plans to locate the installation next to its existing Rio Seco manganese plant in the Peruvian province of Huaral.
Only six of the top 20 producers are primary silver miners. The polymetallic ore deposits from which silver are recovered account for more than two-thirds of the world's silver resources.
Copper price rally cools after threat to global supply from top 5 Las Bambas mine is averted.
With the closing of the Coricancha acquisition, Great Panther expands its operations into Peru. In this interview with The Gold Report, CEO Robert Archer discusses the plans for operating Coricancha, the company's growth strategy and his decision to step down as CEO.
The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".
Groups estimate that a full 18 new copper projects are set to start production across Peru by 2021.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.
The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.
Agreement is part of plan to double investment in the sector to $25bn in eight years.