Copper price rally cools after threat to global supply from top 5 Las Bambas mine is averted.
Peru Mining News
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.
There is a critical need for large-scale investment and regional integration to unlock greater economic potential and mitigate risks for the energy sector in Latin America and the Caribbean, report shows.
Switzerland's Glencore jumps to number 2 on ranking of top silver miners by output.
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.
The news follows the end of a historically long 43-day strike at BHP Billiton’s Escondida, the world's biggest copper mine in neighbouring Chile.
The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.
Around 1,300 unionized miners plan to start an indefinite stoppage at Peru's largest copper mine beginning March 24.
Rumours come a year after the gold miner vowed to spend $640 million to extend the life of Lagunas Norte, worth about $1.4 billion according to industry experts.
The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.
Great Panther Silver's modus operandi is to buy a past-producing mine, get it up and running as quickly as possible, and use the cash flow to fund more acquisitions, says CEO Bob Archer
The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.
Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg and Cerro Verde mines, are also having a significant effect on global supplies of concentrate.
The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.
Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.