Global Mining News in real time

Peruvian government calls strike at biggest copper mine illegal

By: Reuters Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

Peru's top copper miner sees 2014 output down 27%

By: Reuters Antamina, Peru's biggest copper miner, will probably produce about 336 000 t of the red metal this year, down 27% from 2013 on lower ore grades, a top company official said on Thursday. But output will likely recover next year as the mine enters a new productive phase, said Jose Carlos del... 

Shaken gold bulls learn to accept 'new normal'

By: Reuters Blinking from sweeping reform on price benchmarks, even the most die-hard gold enthusiasts accepted the market's glory days had faded for now, as the bullion industry's annual conference agreed prices would nurse losses over the next year. Gold, which hit a four-year low of $1 131.85/oz last... 

Peru's top copper and zinc mine says strike not hurting output

By: Reuters Peru's top copper and zinc miner, Antamina, said that a partial labour stoppage had not hurt its production, but the union striking for a second straight day on Tuesday said output was likely down by at least 90%. Zinc prices rose on Tuesday in part on concerns the strike would further tighten... 

Platinum industry to promote investment demand for metal

By: Reuters An industry body to promote investment demand for platinum should be set for launch late this year or early 2015 as South African producers try to boost sales in the face of falling prices, industry and banking sources said. The new body, called the World Platinum Investment Council, will most... 

Strike at Peru's top copper mine disrupts operations

By: Reuters Workers at Peru's largest copper mine began an indefinite strike on Monday, disrupting operations, although the union leading the walkout and the Antamina mine provided differing accounts on the scale of the labour dispute's impact. Hernan Robles, a spokesperson for the SUTRACOMASA union, said... 

Peru plans to streamline environmental permits, boost spending

By: Reuters Peru's government introduced a new economic reform package on Thursday that aims to streamline environmental permits and boost short-term public spending by $550-million, its latest bid to ward off an extended slowdown. President Ollanta Humala has already proposed several measures over the past... 

Talks over strike at Peru's top copper mine end with no deal

By: Reuters Workers at Peru's top copper mine, Antamina, affirmed their plan to go on an indefinite strike beginning on Monday after talks with management on Tuesday ended without an agreement, a union leader said. No further negotiations with the company are planned to avert the strike, said Jorge Juarez,... 

Peru trims its view of copper output in 2014, 2015

By: Reuters Peru will likely produce less copper this year and next than the government had forecast as big new projects face delays and output from the country's top producer has slid on lower ore grades. Deputy Mines Minister Guillermo Shinno said on Tuesday that Peru's copper production in 2014 is now on... 

Southern Copper's net profit falls 5.8% in third quarter

By: Reuters Southern Copper's net income fell 5.8% in the third quarter from the same period a year earlier on higher sales costs and a new mining tax in Mexico, the global miner said on Tuesday.The company's reported third-quarter net income of $324.3-million, or $0.039 a share, came in slightly below... 

Peru copper mine Antamina says weaker output to end over medium term

By: Reuters Antamina, Peru's top copper mine, said on Friday it expects a period of weaker production to subside in "the medium term." The mine, in which BHP Billiton and Glencore Xstrata each have 33.75% stakes, produced 246 851 t of copper in the first eight months of 2014, 14% less than in the same... 

Hochschild’s Q3 output down, working to overcome construction delays at Peru project

By: Henry Lazenby Latin America-focused precious metals producer Hochschild Mining on Thursday said attributable output for the three months ended September 30 fell 24% to 4.8-million silver-equivalent ounces, mainly owing to no contribution from the depleted Ares mine, in Peru. Despite output being lower than the... 

How Peru seeks to ensure mining helps local communities

By: Keith Campbell South Africans are displaying increasing interest in the manner in which Peru, another leading mining country, is managing its mining sector and in particular ensuring that the industry contributes to the socioeconomic development of the communities and regions in which the mines are located.... 

Opportunity for South Africa in Peru

A South African business delegation last month visited the Lima-based Peruvian Institute of Mining Engineers to learn about the various opportunities available in the sector, and possible opportunities that could still be explored. “South African business people in the mining sector have been... 


By: Alida Odendaal Tenders for work in Asia 


By: Martin Creamer Private-sector company Transportadora Callao has officially opened a $163-million mineral concentrates shipping terminal at the port of Callao, west of Lima. There are plans for the Peruvian terminal’s initial capacity of 3.7-million tons in its first of year to reach six-million tons a year in... 

Minera IRL optimises flagship Ollachea project in Peru

By: Henry Lazenby Triple-listed Minera IRL on Wednesday revealed improved plans for its flagship Ollachea gold project, in Peru, saying that despite the project’s expected life remaining similar to the 2012 definitive feasibility study (DFS), several areas benefited from the optimisation process. The Lima,... 


By: Alida Odendaal Tenders for work in Asia 

Sgs Announces Three New Staff Appointments For Minerals Services In Mexico

SGS is pleased to announce three key appointments within the Minerals Services business in Mexico. Shaun Compton is appointed Minerals Business Manager, Mexico. Since 1988, Shaun has held laboratory and business management positions for SGS and other companies globally in the minerals sector. ... 

Peru mine receives final mill construction permit project

By: Timothy Sibanda Underground precious metals producer Hochschild Mining reports that it has received approval from the Peruvian government for the construction of a mill at its 60%-owned Inmaculada advanced project. This represents the completion of the final stage of the project’s construction permitting... 

Global poll forecasts gold's climb to $1 405/oz next year

By: Martin Creamer The London Bullion Market Association (LBMA) conference has ended in Rome with a moderate collective gold price forecast of $1 405/oz by the time the LBMA meets again, in Lima, in November next year. During the two-day LBMA conference, more than 800 delegates from 300-plus companies listened to... 

Minera IRL gets Peruvian environmental nod to build flagship project

By: Henry Lazenby Latin America-focused gold junior Minera IRL on Thursday said the Peruvian Mines and Energy Ministry (MEM) had approved the environmental and social impact assessment (ESIA) for the Ollachea gold project, paving the way for the company to start construction of the $177.5-million project. Minera... 

Corihuarmi mine, Peru

By: Sheila Barradas A gold and silver mine located about 160 km south-east of Lima, in Peru. 

South African miners welcome, popular in Peru

By: Keith Campbell South African mining companies are welcome and popular investors in Peru, affirms that country’s ambassador to South Africa. “South Africans are very good, in general,” says Ambassador Daúl Matute-Mejía. “They understand the need to respect the local communities, to help develop them and to... 

Proper maintenance of drilling equipment important

By: Zandile Mavuso Mineral exploration industry drilling services and products provider Boart Longyear says that proper management and maintenance of a drilling rig is important in today’s mining markets, as they reduce costly downtime and prevent equipment failures. 

Coricancha mine, Peru

By: Sheila Barradas A multimetal mine, located in the Central Peruvian Andes, about 90 km east of Lima, Peru. 

Gold Fields appoints new managing executive

By: Idéle Esterhuizen Johannesburg- and New York-listed Gold Fields on Monday said it had named Kgabo Moabelo its managing executive for South Africa, with effect March 1. Moabelo was previously the executive VP for people and organisational effectiveness for the  Gold Fields group, including its international... 

Implementation of conflict-free gold standard is under way

By: Samantha Moolman Global gold authority and industry body the World Gold Council (WGC) is pleased with the industry’s reception of its Conflict-Free Gold Standard (CFGS), which has been welcomed by various stakeholders – including WGC member companies and nonmember companies – who are working on its... 

Rio Alto to get significant stakes in South American projects

By: Natasha Odendaal TSX-V-listed Duran has signed a definitive agreement allowing Rio Alto Mining to earn stakes in two South American-based projects. Duran’s potential joint venture partner could obtain a 70% stake in Duran’s Minasnioc gold/silver project and a 65% interest in its Ichuña copper/silver project.  

Company Announcement: Gravity Survey at Chaparra IOGG Project Confirms Anomaly Ahead of Drilling

Wild Acre Metals Limited is pleased to advise that the gravity survey has been completed with findings received at its 100% owned Chaparra IOCG Project in Southern Peru 

Malaga places Peru plant on care and maintenance, shares dive

By: Henry Lazenby TSX-listed miner Malaga on Monday said it had suspended production at its Peru-based Pasto Bueno tungsten mill and had placed it on care and maintenance following a power disruption. The company said the hydro-electric transmission line was accidentally severed and several transmission poles... 

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