PERU PENSION PROTEST

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...

Peru exchange keen for Australian firms to list

The Peruvian stock exchange has urged Australian resources companies to consider dual listing in Lima to tap into additional funding sources for mining ventures in Latin America. The stock exchange’s CEO Francis Stenning told delegates at the...

Gold miners need $3 000/oz price in five years - gold council

Sharp increases in mining costs mean gold will need to reach $3 000/oz in five years for the industry to stay profitable, World Gold Council CE Aram Shishmanian said on Monday. Miners currently needed a gold price of $1 300/oz to survive,...

Hochschild Mining announces $425m Peru investment

Hochschild Mining will invest $425-million in two projects in Peru over the next two years, its executive chairperson said on Monday. The investment will go to argentiferous projects Inmaculada and Crespo, near the company's Arcata and Pallancata...

Peru's Volcan sees silver output up 7% in 2012

Volcan, the world's No 4 silver and zinc producer, said on Monday its silver output will likely rise 7% to 22.5-million ounces this year. "Even though overall production fell 6% in Peru in 2011, Volcan had a positive performance and produced...

Peru miner says decision on Newmont's Conga near

US-based Newmont Mining and its Peruvian partner Buenaventura will respond in "coming days" to government recommendations on the $4.8 -illion Minas Conga gold project, Buenaventura's CE said on Monday. The most expensive mine ever attempted in...

Peruvian miners cancel plans for two-day strike

Peru's federation of mining unions said on Saturday it had called off plans for a national strike on May 14 and 15 after the government implemented a law granting more retirement benefits to workers in the world's number-two copper producer....

Peru mine union group calls for strike May 14

Peru's federation of mining unions said on Monday it is planning to start a two-day nationwide strike on May 14, but individual unions have not yet confirmed their participation. Workers want the government to implement a law passed by Congress...

Graphite proving resilient in tough markets, constrained supply expected

It would seem as if there is a new darling in the minerals market, as investor interest in graphite was seen rocketing over the past year. From a total of about four listed companies making it their business to supply hungry markets with the...

Wildcat Mining

It is called many things in many different parts of the world but this month’s wildcat mining in Peru and last month’s illegal mining in South Africa amount to the same thing – mining without official authorisation. Peruvian President...

Caledonia doubles Blanket output, targets 40 000 oz in 2012

TSX-, Nasdaq- and Aim-listed Caledonia Mining on Tuesday said it had doubled gold output at its Blanket mine in Zimbabwe to 35 826 oz in 2011. The miner reported that it had produced 10 533 oz of gold during the fourth quarter of 2011,...

Candente might receive takeover approaches, says boss

Vancouver-based Candente Copper could become a takeover target, as it nears the feasibility stage for its Cañariaco Norte project in Peru, chairperson and CEO Joanne Freeze said in an interview on Friday. The company has signed “several”...