Peru Mining News

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Workers at Cajamarquilla zinc smelter in Peru end strike

Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.

Workers at Cajamarquilla zinc smelter in Peru start strike -union

The strike started at 7:30 (12:30 GMT) and has affected production at the smelter, said the union's secretary general, Simon Diaz.

Southern Copper to splash $2.5 billion on Peru project

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 says Peru mine to bolster output this year

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

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.

Experts warn of civil unrest in Argentina as it readies to lift ban on open pit mining

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.

INGEMMET estimated the existence of 243,000 tons of silver and 6,915 tons of gold

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.

Southern Copper surprises with $287.5 million net loss in fourth quarter

Analysts had forecast a $419 million net profit for the company in the fourth quarter.

Rising mineral prices trigger artisanal and small-scale mining ‘explosion’ — report

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 denies reports of water contamination

Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies. 

2 dead, 17 miners missing following Peru earthquake

An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse. 

Hudbay Minerals expands footprint in Peru

The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.

Peru’s environmental deregulation to spur more mining-related protests: analysts

The approval of the supreme decree 042-2017 in December might generate more unrest.

Mining investments in Peru grew by 54.8% in November

Investments grew by 54.8% compared to the same month of 2016.

Mining in 2018: Copper price to power on

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

Political crisis pushes out auction of giant Peru copper project again

Auction of $2 billion Michiquillay project in northern Peru slated for this week is canceled by the embattled government of President Pedro Pablo Kuczynski.

Value of top 50 mining companies surge $140 billion in 2017

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.

Displaced by mining, Peru villagers spurn shiny new town

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.

Southern Copper workers in Peru on strike for ninth day

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.

These are the top mining projects in Peru to watch in 2018

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.

Southern Copper says Peru operations normal despite strike

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 takes steps to legalize artisanal and small-scale miners

The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.

What people think of globalization, by country

More than in the past, the population is divided on whether globalization is a force for good or not.

Operations resume at Buenaventura’s silver mine in Peru

Community protests had forced the firm to halt output at Uchucchacua last week.