R/€ = 14.41 Change: -0.06
R/$ = 13.25 Change: -0.14
Au 1263.37 $/oz Change: -1.27
Pt 948.00 $/oz Change: -6.50


Peru's Southern Copper workers mark ten days on strike

By: Reuters     20th April 2017 Workers at mining company Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. Jorge Campos, the secretary general of the Unified Union of Workers of Southern Copper, said some 3 000 workers have... 

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Southern Copper says Peru operations normal despite strike

By: Reuters     11th April 2017 A Southern Copper spokesperson said operations in Peru were near normal as workers started an indefinite strike on Monday, although a union representative said 80% of capacity was affected. The Cuajone and Toquepala copper mines were producing at 98% and the Ilo refinery was operating at 100%... 

Peru's Southern Copper workers demand profit share to avoid strike

By: Reuters     5th April 2017 Southern Copper should share more of its profits with workers in Peru to avoid an indefinite strike at its Toquepala and Cuajone mines starting on April 10, a union leader said on Tuesday. If confirmed, the strike would follow labour disruptions at Peru's biggest copper mine, Cerro Verde, and... 

Peru to hold new auctions for metals smelter after no bids made

By: Reuters     30th March 2017 A third auction to find a new operator of Peru's nearly 100-year-old polymetallic smelter La Oroya failed to draw any offers on Thursday, but the government is planning to hold a new round of bidding before a liquidation deadline in August. Guillermo Shinno, the government representative in the... 

Workers to end strike at Peru's top copper mine Cerro Verde

By: Reuters     30th March 2017 Workers at Peru's biggest copper mine, Freeport-McMoRan's Cerro Verde, will resume work on Friday after voting to end a nearly three-week strike that had halved output, the union said on Thursday. The union accepted the company's offer to improve family healthcare benefits and pay workers their... 

Peru protester shooting death at MMG mine sparks police probe

By: Bloomberg     18th October 2016 Peru’s government is investigating police conduct during demonstrations against MMG Ltd.’s giant Las Bambas copper mine on Friday that left one protester dead. Interior Minister Carlos Basombrio said a man was shot in the head and 20 police officers were injured during clashes near the mine in... 


By: Martin Creamer     26th August 2016 Peru mines minister Gonzalo Tamayo stands for a photograph at his office in Lima to highlight gold's best start to a year in decades. Tamayo expects gold’s current good fortune to boost mine development in Peru and provide investment relief for Latin America's biggest gold producer. Peru... 

Gold wildcatters wooed as Peru leader swaps dynamite for dialogue

By: Bloomberg     10th August 2016 Peru’s former President Ollanta Humala used explosives to combat wildcat gold miners in the Amazon jungle in a bid to stem deforestation and mercury pollution. His successor is taking a more diplomatic approach. Less than two weeks after taking office, President Pedro Pablo Kuczynski held talks... 

Lupaka secures $6.1m to complete, start Invicta gold production

By: Henry Lazenby     4th July 2016 Peru-focused gold explorer and project developer Lupaka Gold has signed a $6.1-million definitive pre-paid forward gold purchase agreement with British Columbia-based limited partnership PLI Huaura Holdings, to fund the completion of development and start production at its Invicta gold project.... 

Magellan Gold to earn 50% stake in Rio Silver’s Peruvian Niñobamba silver project

By: Henry Lazenby     4th July 2016 Arm’s-length parties Rio Silver and Magellan Gold have signed a nonbinding option agreement allowing Magellan to earn up to 50% of the Niñobamba silver project, in Peru. Pending regulatory approval and following a 45-day due diligence period, the parties will sign a definitive agreement. 

Event heads back to Swakopmund, Namibia

     13th May 2016 The African leg of mining software developer and provider Hexagon Mining’s MineQuest 2016, the company’s global user event series, will be hosted by Namibia in Swakopmund from June 22 to 24.  

Trevali revises Santander cash costs down 12.5%, as income rises

By: Henry Lazenby     12th May 2016 Zinc-focused Trevali Mining has reported a first-quarter profit as strong performance from its Peru-based flagship Santander operations lifted the balance sheet back into the black. Vancouver-based Trevali delivered an “exceptional quarter”, as rising zinc output offset somewhat lower lead and... 

Hexagon Mining Opens Minequest 2016

     19th April 2016 Hexagon Mining today opens MineQuest 2016, its global user event series, in Tucson, Arizona, USA. Shaping the Digital Mine is the theme of the event and featured prominently in President, Hélio Samora’s opening address to attendees. “Shaping the Digital Mine embodies our goal of creating safer,... 

Trevali exploration uncovers ‘tangible’ near-term value at Santander

By: Henry Lazenby     22nd March 2016 Canadian base metals miner Trevali Mining has expanded the Magistral zones at its flagship Santander zinc mine, in Peru, after the results of outstanding exploration drill holes from its 2015 exploration programme returned multiple high-grade zinc/lead/silver drill intercepts. “Results from our... 

Peru economy surprises with 3.26% growth in 2015 on Dec surge

By: Reuters     15th February 2016 Peru's economy grew at a better-than-expected rate of 3.26% last year, rebounding from a sharp slowdown in 2014, thanks to a December surge in copper output and anchovy catches, data from the state statistics agency showed Monday. The official reading for December, 6.39%, marked the fastest... 

Blanket mine, Zimbabwe

By: Sheila Barradas     6th November 2015 A gold mine, located in the south-west of Zimbabwe, about 15 km west of Gwanda. 

Glencore clinches debt-cutting silver streaming deal

By: Martin Creamer     4th November 2015 A long-term streaming agreement has been entered into between Glencore's wholly owned Anani Investments and Silver Wheaton for delivery of silver produced at the Antamina mine in Peru as part of Glencore's earlier-announced debt reduction plans. A streaming transaction is a forward sale of a... 

PotashCorp pares output, profit predictions as potash prices plunge

By: Henry Lazenby     29th October 2015 The world’s largest supplier of the crop nutrients by volume, Potash Corporation of Saskatchewan, will shutter its operations and cut output as margins for all three of its main products have fallen, sending its NYSE-quoted stock falling as much as 4.3% in early trading. For the three months... 

Minera IRL temporarily suspends operations at Corihuarmi

By: Tracy Hancock     8th September 2015 Minera IRL representatives were expected to meet with community leaders of Atcas on Monday after the company had been forced by community members to suspend all operations at the Corihuarmi gold mine, in Peru. On September 5, at about 17:00, a group of about 100 Atcas community members forced... 

Constancia mine, Peru

By: Sheila Barradas     24th July 2015 A copper mine, located about 600 km south-east of Lima, in the south-eastern Andes of Peru. 

Great Panther Silver eager to start work on Coricancha

By: Henry Lazenby     20th May 2015 Mexico-focused Great Panther intends to start, as soon as possible, surface drilling at the Coricancha mine complex, through which it has gained a foothold in Peru, the second largest silver producing country in Latin America. The surface drilling will focus on defining and expanding zones of... 

Southern Copper to announce 'pause' in Peru project – sources

By: Reuters     18th May 2015 Southern Copper Corp was preparing to announce a formal "pause" in its stalled $1.4-billion Tia Maria project in Peru amid deadly protests against it, two government sources and a company source said on Friday. 

Santander mine, Peru

By: Sheila Barradas     20th February 2015 A lead/zinc/silver mine, located in west-central Peru, about 215 km east-northeast of Lima. 

Samco Gold to acquire Peruvian base metals project

By: Henry Lazenby     13th December 2014 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... 

Toronto-listed miners faced tough but improved conditions over 2014 

By: Simon Rees     2nd December 2014 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... 

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

By: Henry Lazenby     23rd October 2014 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     19th September 2014 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

     25th July 2014 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     27th June 2014 Tenders for work in Asia 


By: Martin Creamer     27th June 2014 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     4th June 2014 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     19th May 2014 Tenders for work in Asia 

Sgs Announces Three New Staff Appointments For Minerals Services In Mexico

     15th January 2014 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     4th October 2013 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     2nd October 2013 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     26th September 2013 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     30th August 2013 A gold and silver mine located about 160 km south-east of Lima, in Peru. 

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