- Write by:
-
Monday, March 20, 2023 - 18:23:31
-
156 Visit
-
Print
Mining News Pro - The Peruvian Ministry of Energy and Mines (Minem) announced that 2023 will see the development of 74 mining projects across 17 departments for a total investment of $596 million.
“Exploration is fundamental for the development of the mining industry. It constitutes the first step of Peru’s most important economic activity as it allows the discovery of new deposits, as well as the extension of the life of operating mines, all of which generates resources for the benefit of the country,” the ministry said in a media statement.
According to the government agency, 30 of the 74 projects have recently become operative or are about to reach that phase as they already have all the required permits. These projects represent an investment of $134 million or 22.5% of the 2023 portfolio of mining exploration projects.
Meanwhile, 17 projects, accounting for $136 million or 22.7% of the portfolio, are in the evaluation stage for exploration authorization.
Finally, the communiqué notes that the remaining 27 projects, which represent $327 million in investments or 54.8% of the total, are undergoing evaluations of their environmental impact assessments.
Most of the projects, or 39 of them, focus on copper mining and represent an investment of $284 million. The red metal is followed by gold, with 18 projects and an investment of $220 million. Zinc occupies the third spot with nine projects accounting for $47 million in investments, while eight silver and lithium joint projects are expected to deliver $46 million in investments.
Short Link:
https://www.miningnews.ir/En/News/622750
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
No comments have been posted yet ...