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Southern Copper's net profit dropped 34.5% in first quarter

By: Reuters Southern Copper's net profit dropped 34.5% to $185.1-million, or $0.24 a share, in the first quarter on slumping metal prices, the company said Thursday. The result was better than the mean market estimate of $139.76-million, according to Thomson Reuters I/B/E/S. 

Hexagon Mining Opens Minequest 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,... 

Copper output at Cerro Verde mine in Peru curbed by strike – union

By: Reuters Copper output from Freeport McMoRan Inc's Cerro Verde mine in Peru, one of the country's biggest, has been cut back during a 48-hour strike that started early on Friday, the labor union said. Workers are protesting what they describe as the near disappearance of their profit-sharing bonus this... 

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

By: Henry Lazenby 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Herbst 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... 

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  

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