http://www.miningweekly.com
R/€ = 15.97 Change: 0.09
R/$ = 13.99 Change: 0.19
Au 1221.49 $/oz Change: 8.59
Pt 845.00 $/oz Change: 8.98
 

Topic

Peru's mining investment boom leaves political woes behind

By: Bloomberg     3rd October 2018 Peru’s ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world’s second-largest producer of copper, zinc and silver. Mining investment in Peru jumped 6.3% August compared with last year, to $395-million,... 

Mallay mine, Peru

By: Thabi Madiba     21st September 2018 A silver, lead and zinc mine located in Oyón, about 261 km north-east of Lima in Peru. 

Nexa says to invest $1.17bn in Peru, Brazil in five years

By: Reuters     17th September 2018 Brazilian mining company Nexa Resources plans to invest some $1.17-billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday. About $816-million will be invested in Peru, including $555-million in copper projects... 

Collahuasi copper mine in Chile to raise output 4% this year -VP

By: Reuters     14th September 2018 The copper mine Collahuasi in Chile is expected to produce 545 000 t of copper this year, 4% more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday. Collahuasi, owned by Anglo American and Glencore, is located in... 

Uchucchacua mine, Peru

By: Sheila Barradas     14th September 2018 A silver/lead/zinc mine located in Oyón, Lima, Peru. 

Gold Fields plans to extend life of Peru mine through 2040

By: Reuters     13th September 2018 South African miner Gold Fields aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240-million, the company's vice president for the Americas said late on Wednesday. "We're doing studies with Peruvian consulting firms and international... 

Peru Minister proposes making tax benefit for miners permanent

By: Reuters     7th September 2018 Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer. Miners in Peru have enjoyed refunds on an 18%... 

Lydian Armenia Invests in Immersive Technologies’ Simulators to Rapidly and Safely Train Operators

By: Creamer Media Reporter      23rd August 2018 In an effort to train and develop a local workforce for a greenfield operation Lydian Armenia invested in simulators with Professional Services from Immersive Technologies. The new mine has a 4km downhill loaded haul with up to 10 percent grade, creating additional need for operators to be... 

Chinalco starts $1.3bn expansion of Peru copper mine

By: Reuters     4th June 2018 Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3-billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45% by 2020, with the value of production exceeding $2-billion annually, Chinalco... 

Southern has copper giants in the crosshairs with Peru expansion

By: Bloomberg     1st June 2018 Southern Copper is preparing to scale the ranking of global producers by spending more than $10-billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening. The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru... 

Great Panther to decide on Coricancha restart in early 2019

By: Simone Liedtke     1st June 2018 Vancouver-based Great Panther expects to be able to make a decision in early 2019 about restarting the past-producing Coricancha precious and base metals mine that it bought in June last year. The gold/silver/zinc/copper underground mine and mill complex, east of Lima, in Peru, has a 600 t/d... 

Peru cenbank urges government to help revive mining projects

By: Reuters     1st June 2018 The manager of Peru's central bank urged the government of President Martin Vizcarra on Thursday to do more to revive mining projects that have been derailed by protests. Renzo Rossini, of the central bank, said three suspended mining projects – Southern Copper Corp's Tia Maria, Newmont Mining... 

Peru's Buenaventura seeks deal with Southern on copper project

By: Reuters     31st May 2018 Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2-billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday. "They were receptive ... but it's up to them to evaluate the preliminary... 

Canada's Bear Creek prepares IPO in Peru to finance silver mine

By: Reuters     30th May 2018 Canadian miner Bear Creek Mining will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550-million Corani silver project, the company's CFO said on Wednesday. Bear Creek would also consider selling a stake in the Corani project, in southern Peru, to... 

Gold Fields to set aside acquisitions, sees industry costs rising – CEO

By: Reuters     30th May 2018 South Africa's Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. Gold Fields' finances might be "a little bit negative" this year before... 

Shandong Gold looking forward to investing in Peru – chair

By: Reuters     30th May 2018 Shandong Gold Group, China's largest gold producer, is hunting for gold around the world and is "looking forward to investing in Peru," the chairman of the company said during a presentation Tuesday. Chen Yumin said the company was looking for opportunities in Asia, America and Africa, but did... 

Southern Copper says legal dispute over Peru's Tia Maria resolved

By: Reuters     26th April 2018 Southern Copper's CEO said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4-billion Tia Maria project with a legal injunction. Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would... 

Peru will not 'impose' mining projects on communities – prime minister

By: Reuters     19th April 2018 The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices. In the past decade, Southern Copper and Newmont... 

Fluor tenders work to Grana y Montero for Quellaveco Peru mine

By: Reuters     9th April 2018 US-based construction firm Fluor Corp subcontracted earth moving work on the Quellaveco copper mine, in Peru, to local company Grana y Montero, in a sign the stalled $5-billion project could be reactivated. Grana said in a statement late on Friday it had won a tender from Fluor for $53.9-million... 

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 www.immersivetechnologies.com 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. 

First
Prev
1
2 3 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close