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.

Mine ponds cause toxic mercury pollution in the Peruvian Amazon

Mining News Pro - A recent study by researchers in Peru and the US found that, in the past 35 years, there has been a 670% increase in the extent of pits and ponds created by miners digging for small deposits of alluvial gold in the Peruvian Amazon.

Peru new mining minister vows to streamline permitting

Mining News Pro - Peru will streamline the consultation period prior to granting mining licenses as part of a set of planned reforms to the country’s mining rules, the new head of the Ministry of Energy and Mines (MINEM), Jaime Galvez has said.

Copper price surges on Peru worries

Mining News Pro - Copper prices set fresh multiyear highs on Monday over worries about possible supply disruptions following unrest in Peru and optimism about the launch of a Chinese futures contract open to international investors.

Peru’s miners look to interim president for post-pandemic stability

Mining News Pro - Mine industry officials in Peru are looking to interim President Manuel Merino to assure stability ahead of elections in April as the world’s No. 2 copper producer seeks to bounce back from its worst economic crisis in a century.

Hochschild sees lower output on lockdowns in Peru, Argentina

Mining News Pro - Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as covid-19-related disruptions hampered mining activity at its assets in Peru and Argentina.

Peruvian metal exports recover in June

Mining News Pro - Peru’s gold exports grew by 86%, copper exports by 31% and zinc exports by 136% in June when compared to the previous month, new data released by the Ministry of Energy and Mines show.

Peru unrest flares as pandemic second wave hits

Mining News Pro - Angry residents in Peru’s Andean and Amazon regions have attacked three mining and oil sector firms in the last week, two of which were forced to halt operations after deadly clashes, as a second wave of covid-19 infections hits the country.

Hudbay posts $51.9m quarterly loss as Peru suspension weighs

Mining News Pro - The eight-week suspension of operations at the Constancia mine, owing to Covid-19 measures in Peru, had a significant impact on gold and base metals miner Hudbay Minerals’ second-quarter results, with the company posting a $51.9-million, or $0.20 a share, net loss.

HBIS lines up investment in Peru iron ore mine

Mining News Pro - HBIS Resources Co Ltd, a unit of China’s second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda.

China steelmaker HBIS lines up investment in Peru iron-ore mine

Mining News Pro - HBIS Resources Co, a unit of China`s second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron-ore mine in Peru alongside current licence-holder Zhongrong Xinda.

Fortuna restarts operations at Caylloma mine in Peru

Mining News Pro - Fortuna Silver has resumed production activities at the Caylloma mine located in the province of Arequipa, Peru.

Trevali restarts Santander mine in Peru

Mining News Pro - Trevali announced on Wednesday that it has begun to restart operations at the Santander mine in Peru with additional covid-19 health protocols in place.

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