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Topic

Peru says over 20 companies interested in $2bn copper project

By: Reuters     17th October 2017 More than 20 companies have expressed an interest in bidding on the $2-billion Peruvian copper project Michiquillay in an auction due to take place on December 20, the Peruvian government said on Monday. The auction date had been pushed back from the originally scheduled November 15, state... 

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... 

GOLDEN OPPORTUNITY

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. 

Samco Gold to acquire Peruvian base metals project

By: Henry Lazenby     13th December 2014 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     2nd December 2014 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     23rd October 2014 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     19th September 2014 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

     25th July 2014 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... 

LIMA LOGISTICS

By: Martin Creamer     27th June 2014 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... 

Asia

By: Alida Odendaal     27th June 2014 Tenders for work in Asia 

Minera IRL optimises flagship Ollachea project in Peru

By: Henry Lazenby     4th June 2014 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     19th May 2014 Tenders for work in Asia 

Sgs Announces Three New Staff Appointments For Minerals Services In Mexico

     15th January 2014 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     4th October 2013 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... 

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