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Global Mining News in real time

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... 

Buenaventura scales back plans for Chucapaca gold project

By: Reuters Peruvian miner Buenaventura has scaled back plans for its Chucapaca gold project since taking full control of the deposit from Gold Fields earlier this year, the company told Reuters on Monday. Buenaventura will now invest $700-million in the project instead of an earlier estimate of $2-billion,... 

Peru rules out tax breaks or subsidies to counter slowdown

By: Reuters Peru's government has ruled out cutting taxes or introducing subsidies to encourage investment and cushion export sectors from the worst economic slowdown in five years, the minister responsible for industry said on Thursday. The government said earlier this year that it was considering... 

Newmont to pursue support for Peru gold project despite election

By: Reuters Newmont Mining's Peruvian unit said on Friday that it will keep pushing for local support for its stalled gold mine in the highland region of Cajamarca after a jailed opponent of the project was easily re-elected to lead the region. Newmont shelved the $5-billion proposed Conga mine in 2011... 

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... 

Company Announcement: First Pass Field Work Completed at Peru IOGG Targets

Wild Acre Metals Limited has recently completed site investigations at its Yauca and Chaparra Projects located in Peru 

Company Announcement: Latin Discovers Major new Heavy Mineral Deposit at "Los Conchales"

Latin Resources Limited is pleased to announce a Conceptual Exploration Target for Los Conchales of 690Mt @ 6.8% Heavy Mineral based on results from follow up drilling around previously reported exploration drilling that encountered significant intersections of high grade Heavy Mineral  

Company Announcement: Exploration Update - Guadalupito Los Conchales

Latin Resources Limited is pleased to announce results from exploratory drilling from a section of drill holes designed to test continuity of geology and mineralisation across the strike of the heavy mineral (‘HM’) bearing shoreline sediment package at Guadalupito that extends 45 km north of the... 

PERU PENSION PROTEST

By: Martin Creamer This retired mineworker chained himself to a railing and yelled slogans during this month’s protest in front of the Ministry of Labour building in Lima, Peru, where retirees were demanding that their pensions be increased by 20%. Peru's 75 000-member National Federation of Mining called a two-day... 

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