Glencore’s Peru mine says won’t proceed with Coroccohuayco project in near-term

Mining News Pro - Glencore’s Antapaccay copper mine in Peru said on Thursday that it does not plan to execute this year or next its Coroccohuayco project that has caused nearby residents to protest and block the road used to transport its copper.

Peruvian community blocks key highway in protest against Glencore mine

Mining News Pro - An indigenous community in Peru’s Espinar province has blocked a key mining road, a local leader told Reuters on Wednesday, in protest against the government and Glencore’s Antapaccay copper mine.

Peru strikes deal to avoid road blockade at Las Bambas mine

Mining News Pro - Peru’s government said on Tuesday it had reached an agreement with MMG Ltd’s Las Bambas mine and the local Chumbivilcas community to avoid road blockades that have threatened production at the huge copper mine.

Peru's Las Bambas standoff tests Castillo's mining reform pledges

Mining News Pro - Peru's new socialist government swept to power pledging to strike a new deal with the copper mining sector and redistribute profits to Andean communities like those around the huge Las Bambas project, owned by China's MMG.

Peru minister partly blames MMG for Las Bambas unrest, sees solution in train line

Mining News Pro - Peru’s mining minister said on Thursday that unrest at the huge Las Bambas copper mine was partly caused by MMG Ltd’s short-sighted decision to rely on a dirt road to transport the metal, and called for a train line to be built instead.

Peru minister says $1.4bn Tia Maria mine a “no go”

Mining News Pro - Peru’s economy and finance minister has cast further doubts about Southern Copper’s (NYSE: SCCO) long-delayed $1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region, by saying he believed the proposed mine was “socially and politically” unfeasible.

Peru road blockades force MMG to halt Las Bambas copper mine

Mining News Pro - Chinese miner MMG (HKG: 1208) will have to once again halt operations at its Las Bambas copper mine, one of Peru’s largest, as community protests in the nearby province of Chumbivilcas have affected supply logistics.

Peru road blockades hit MMG’s Las Bambas copper mine once again

Mining News Pro - A four-day-long blockade in Peru by protesters seeking greater benefits from exploitation of natural resources is disrupting operations of MMG Ltd’s Las Bambas copper mine, one of the country’s largest, the energy and mines ministry said.

Newmont to decide on $2 billion Peru project by year-end

Mining News Pro - Newmont, the world’s no. 1 gold miner, will make a decision on a $2 billion investment at its Yanacocha mine, in northern Peru’s Cajamarca region, before the end of the year, CEO Tom Palmer told investors.

Newmont to make decision on new Peru investment by December

Mining News Pro - US-based gold major Newmont will decide on a $2-billion investment at its Yanacocha mine, in Peru, by December and CEO Tom Palmer says the company is ready to engage with the incoming government of Pedro Castillo over the next six months.

Hochschild says 27 workers killed in Peru bus accident

Mining News Pro - Hochschild Mining said on Friday that 27 workers were killed while 13 more injured in a road accident in Peru involving a bus operated by one of the precious metals miner’s contractors.

Peru copper output at risk as leftist Castillo leads in presidential election

Mining News Pro - Peru, the world’s second largest copper producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted.

Peru candidate seeks bigger cut from mining, not state control

Mining News Pro - The first-round winner of Peru’s presidential election wants to renegotiate mining contracts rather than seize assets, said a party official, in comments that may ease concerns in the world’s second-biggest copper industry.

Southern Copper to invest $8bn in Peruvian projects

Mining News Pro - Peru’s La República newspaper reports that during the V Southern Mining Framework International Congress, Southern Copper announced that it will invest $8 billion in its different projects in the country, including Tía María.

Glencore copper mine in Peru suspends operations over community blockade

Mining News Pro - Antapaccay copper mine in Peru, controlled by Glencore, on Thursday announced the suspension of operations due to a road blockade by local communities, said the miner in a statement.

Peru`s Southern Copper: global price rally spurring new projects

Mining News Pro - Peru`s Southern Copper, one of the world`s top copper producers, plans to push forward new and pending projects as demand from China and constrained supply helps propel a global price rally, an executive said.

Peru presidential candidate fires warning to mining companies over copper

Mining News Pro - Peruvian presidential candidate Yohny Lescano, second in polls ahead of an April 11 election, fired a warning to mining companies on Monday, saying if elected he would look to make the state the ultimate owner of resources in the copper-rich Andean country.

Barrick sells Lagunas Norte mine in Peru to Boroo

Mining News Pro - Barrick Gold announced Tuesday it has reached an agreement to sell its 100% interest in the Lagunas Norte mine in Peru to Singapore’s Boroo Pte Ltd for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick’s closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation.

Gold Fields ups stake in Peru explorer

Mining News Pro - Bullion major Gold Fields has invested another C$2.9-million in a Canadian company, which owns copper/gold/silver exploration assets in the Peruvian Andes.

Peru rescinds Canadian company’s exploration rights

Mining News Pro - The Government of Peru passed Supreme Decree 001-2021-EM, which overturned a couple of previous decrees that granted Nuevo Arcoiris S.A.C, a subsidiary of Canada’s Tesoro Minerals Corp, certain mineral exploration rights.

Canadian company’s exploration rights in Peru hanging by a thread

Mining News Pro - Peru’s Ministry of Energy and Mines is working on a report aimed at overturning a couple of decrees that granted Nuevo Arcoiris S.A.C, a subsidiary of Canada’s Tesoro Minerals Corp, certain mineral exploration rights.

Las Bambas blockades affect Peru copper shipments

Mining News Pro - The Peruvian Ministry of Energy and Mines (Minem) expressed Tuesday its opposition to the blockades taking place on the Southern Runway (Corredor Vial del Sur), which are hindering the transport of copper concentrate and personnel to and from MMG’s Las Bambas mine.

MMG declares force majeure on contracts after protests in Peru

Mining News Pro - MMG said on Thursday that transport had been temporarily disrupted due to road blocks by local residents near its Las Bambas copper mine in Peru, forcing it to declare force majeure on some supply contracts.

US court rules that farmers’ case against Newmont must be heard in Peru

Mining News Pro - The US Court of Appeals for the Third Circuit upheld a lower court decision that Máxima Acuña Atalaya de Chaupe and her family’s case against US-based Newmont Mining Corporation should be heard in Peru rather than in the United States.

Protests in Peru affecting transport of copper concentrate from Las Bambas

Mining News Pro - Politically-driven protests and a general strike taking place in Peru’s Challhuahuacho district are hindering the transport of copper concentrate and personnel from and to MMG’s Las Bambas mine.

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