R/€ = 14.86 Change: -0.15
R/$ = 12.04 Change: -0.06
Au 1318.20 $/oz Change: 0.23
Pt 954.00 $/oz Change: -2.60


Chile's Escondida invites union to early labor talks

By: Reuters     15th March 2018 BHP's Escondida copper mine in Chile, the world's largest, said on Wednesday that it has invited its powerful workers' union to start early talks on a new collective labor contract. Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract... 

Workers at Cajamarquilla zinc smelter in Peru start strike – union

By: Reuters     5th March 2018 Workers at the Cajamarquilla zinc smelter in Peru, controlled by Brazilian miner Nexa Resources SA', started an indefinite strike on Monday to demand a wage increase and better benefits, a union leader said. The strike started at 12:30 GMT and has affected production at the smelter, said the... 

Lupaka PEA reports 'robust' economics for Invicta

By: Henry Lazenby     2nd March 2018 Peru-focused gold explorer and project developer Lupaka Gold has reported strong financial metrics in a new preliminary economic assessment (PEA) for an initial production scenario at its Invicta project. The PEA evaluated the economic viability for the underground mining of indicated and... 

Southern Copper says to put about $2.5bn into Michiquillay mine

By: Reuters     22nd February 2018 Southern Copper will invest about $2.5-billion in Peruvian copper project Michiquillay, with production of 225 000 t of copper per year expected to start in 2025, the company said in a statement on Wednesday. Southern Copper won a tender to develop the mine on Tuesday, in an auction that... 

Southern Copper wins tender for Peru's mine

By: Reuters     20th February 2018 Southern Copper won a tender to develop Peru's estimated $2-billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday. Southern, controlled by Grupo Mexico , won with a proposal to transfer $400-million to the... 

Peru tenders $2bn copper project in first major auction in years

By: Reuters     20th February 2018 Peru will accept bids and award a contract to develop the estimated $2-billion Michiquillay copper mine on Tuesday in the first major auction from the world's No. 2 copper producer in at least a decade. The auction was delayed twice last year, in part due to political turmoil in Peru. The bids... 

Successfully delivering results 15 years after commissioning

     25th January 2018 For 25 years, Immersive Technologies has been working with mining companies across the globe to achieve Real Results in operator safety and productivity – these partnerships have for many years driven quantifiable operational improvement. Successfully achieving these results means consistently... 

Virtual Reality Training, WorksiteVR Quest: A Leap Forward in Personnel Induction at Rio Tinto’s Oyu Tolgoi Mine.

     25th January 2018 Immersive Technologies developed a series of WorksiteVR Quest virtual reality scenarios designed to facilitate a blended learning model in conjunction with eLearning and practical activities. Mine site inductions are necessary however often dry, boring, and... 

Lupaka upgrades Invicta road as a critical step towards imminent production

By: Henry Lazenby     12th December 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed a contractor to expand, enhance, and modify 27 km of road starting from the paved Huacho-Churin-Oyon highway, located at about 1 500 m above sea level, up to the Invicta project, located at about 3 500 m above sea level.... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Sierra shuffles Mexican team in bid to improve ops performance

By: Henry Lazenby     24th October 2017 Growth-focused precious metals producer Sierra Metals has revealed a significant shakeup of its corporate team in Mexico, with a view to improve operations at the Bolivar copper and Cusi silver mines, following disappointing third-quarter production results as a result of lower recoveries. The... 

Southern Copper says Q3 profit doubled, expects Tia Maria permit

By: Reuters     23rd October 2017 Southern Copper Corp said on Friday that its net profit doubled to $401.8 million in the third quarter from the same period a year earlier as sales surged on higher copper prices. The Arizona-based company, controlled by Grupo Mexico , added that it expects Peru's government to issue a... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Peru's La Oroya smelter faces liquidation after failed auctions

By: Reuters     26th July 2017 Peru's nearly 100-year-old polymetallic smelter La Oroya failed to draw any offers on Wednesday in the last of six scheduled auctions, delivering a blow to President Pedro Pablo Kuczynski's plans to expand the Andean country's metals refining capacity. Kuczynski had extended the liquidation... 

Sierra Metals’ flagship Peru mine shines in Q2

By: Natasha Odendaal     18th July 2017 Consolidated metal production from triple-listed Sierra Metals decreased 3% during the second quarter of the year, the base metals miner said Monday. Sierra, a Canada-based growing polymetallic mining company, attributed the decrease to lower throughput, lower head grades and lower recoveries of... 

Top Peru gold miner to weigh copper growth if recovery extends

By: Bloomberg     18th July 2017 Peru’s biggest precious-metals producer will consider taking a deeper dive into copper if prices of the industrial metal keep rising. Cia. de Minas Buenaventura is tripling annual output at its Marcapunta copper mine to about 60,000 metric tons. Another expansion would take it to 100 000 tons,... 

Peru steps up rainforest protection as police raid illegal mines

By: Bloomberg     6th July 2017 Peru’s government moved to halt the destruction of the world’s largest rainforest by dispatching almost a 1 000 police to raid illegal mining camps on the edge of a major nature reserve in Peru’s Amazon jungle. Police raided 83 camps surrounding the Tambopata reserve in the Madre de Dios region... 

Cusi mine, Mexico

By: Thabi Madiba     2nd June 2017 A silver, gold, lead and zinc mine located in Chihuahua state in Mexico. 

Trevali shareholders vote overwhelmingly in favour of African asset acquisitions

By: Henry Lazenby     18th May 2017 Trevali Mining reported Thursday that a majority of shareholders present and represented at the company’s special meeting have voted in favour of all resolutions presented, including the acquisition of a suite of African zinc assets from Glencore. 

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... 

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. 

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