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Global Mining News in real time

Peru OKs environmental study for Southern Copper mine expansion

By: Reuters Peru approved the environmental study for Southern Copper's $1.2-billion expansion of its Toquepala mine, a project expected to raise copper output by 100 000 t/y, the government said on Thursday. Construction on the expansion, which will add a new concentrator at the mine and boost its tailings... 

Samco Gold to acquire Peruvian base metals project

By: Henry Lazenby Argentina-focused Samco Gold on Friday announced that it had signed an agreement to buy two Peruvian subsidiaries of Mantaro Resources for about $3.4-million in cash and scrip, which would give it control over exploration and mining concessions over the Dino polymetallic property. Samco would... 

Strike affecting some ops at Peru top copper mine - union

By: Reuters A strike at Peru's biggest copper and zinc mine Antamina is affecting "some" operations at the project, a union director said on Wednesday, although a mine spokesperson said operations were "normal". The workers began a fresh strike at the mine, which produces around 30 000 t/m, on Wednesday in... 

Workers at Peru's top copper mine to start new strike Wednesday – union

By: Reuters Workers at Peru's biggest copper and zinc mine, Antamina, will start a new indefinite strike on Wednesday to continue pushing for a bonus and other benefits, union leader Jorge Juarez said. The union ended a 19-day strike on November 30 after Peru's work authority declared it illegal. The mine... 

Toronto-listed miners faced tough but improved conditions over 2014 

By: Simon Rees The Toronto Stock Exchange (TSX) and Toronto Venture Exchange (TSX-V) witnessed an improved level of financings across 2014, while the avalanche of companies predicted to delist failed to materialise, TMX head, business development, global mining TSX and TSXV Carlos Espinosa told members of the... 

Strike at Peru's top copper and zinc mine to end by Sunday – union

By: Reuters The union at Peru's largest copper and zinc mine told Reuters it would call off a strike at Antamina by Sunday, but said it was already planning a new walkout in December. The labor stoppage at the Antamina mine, which produces about 30% of Peru's copper and 20% of its zinc, began on Nov. 10, but... 

Peru crackdown on illegal gold leads to new smuggling routes

By: Reuters A crackdown on illegal gold mining in Peru has spawned new smuggling routes through its porous border with Bolivia with some gangs using human mules, armored cars and light aircraft to evade capture. The gold is ghosted across jungles, rainforest and Lake Titicaca on the mountainous border, and... 

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... 

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... 

Asia

By: Alida Odendaal Tenders for work in Asia 

LIMA LOGISTICS

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,... 

Asia

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... 

Huaron mine, Peru

By: Sheila Barradas A Pan American Silver Corporation-owned mine situated in Peru 

Morococha mine, Peru

By: Sheila Barradas A silver mine, situated in Peru 

New Peru zinc mine expected complete by year-end

By: Henry Lazenby Zinc-focused miner Trevali Mining expected construction of its Peruvian Santander zinc/lead/silver mine to be complete by the end of the year, when commissioning was expected to start. The company on Wednesday said in a construction update that construction of the 2 000 t/d plant was progressing... 

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