Peruvian government to extend tax refund benefit to mining

Mining News Pro - During his intervention at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, Óscar Graham, announced that his government will extend to 2025 the tax refund benefit to mining and oil exploration, which was scheduled to end in December 2022.

Peru communities to allow Las Bambas copper mine restart after 51-day shutdown

Mining News Pro - A group of indigenous Peruvian communities on Thursday agreed to temporarily lift a protest against MMG Ltd’s Las Bambas copper mine that forced the company to halt operations for more than 50 days, the longest in the mine’s history.

Peru calls for new Las Bambas talks as police hint at eviction plan

Mining News Pro - Peru’s government on Tuesday called for a new round of talks with protesting indigenous communities that have forced MMG Ltd’s Las Bambas mine to suspend operations for over a month, as the police suggested that they were ready to intervene.

Peru cabinet seeks solution for Las Bambas crisis as leftists urge nationalization

Mining News Pro - Peru’s Cabinet was meeting on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, as some left-wing lawmakers suggest nationalizing the company would be the solution.

Peru president replaces mining minister as crisis escalates

Mining News Pro - Peru President Pedro Castillo replaced four ministers amid a mining and fertilizer crisis and after lawmakers presented motions to censure some members of the cabinet.

Peru fails yet again to broker truce allowing Las Bambas mine restart

Mining News Pro - Peru’s prime minister on Thursday failed to broker a deal with indigenous communities to allow for the restart of operations at MMG Ltd’s Las Bambas copper mine, the government’s fourth failed negotiation attempt.

Peru mining protests risk clogging $53 billion investment pipeline

Mining News Pro - Peru, the world’s second-largest copper producer, risks losing out on billions of dollars of mining investment if the government fails to defuse protests that are hitting the industry and denting production, analysts and executives said.

Peru economy grows 3.79% in March, weighed down by mining protests

Mining News Pro - Peru’s economy grew 3.79% in March compared with a year earlier, the country’s statistics agency said on Sunday, with most sectors of the economy showing improvement, while the key mining industry shrank due to social conflicts hitting production.

Peru community wants its land back, threatening Chinese copper mine

Mining News Pro - The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2 billion scheme billed as a model solution to protests dogging the South American nation’s mining sector.

Newmont expects to pull trigger on $2bn Peru gold project mid-year

Mining News Pro - Newmont (NYSE: NEM) (TSX: NGT), the world’s no. 1 gold miner, expects to move ahead with a planned $2 billion expansion of its Yanacocha mine, in northern Peru’s Cajamarca region, to extend the asset’s life beyond 2040.

Peru to increase public spending in mining regions to curb social conflicts

Mining News Pro - Peru will increase public spending in mining regions in a bid to de-escalate social conflicts that have impacted mining output, Finance Minister Oscar Graham said on Tuesday.

Communities protesting against Las Bambas set up new conditions to negotiate with Peruvian government

Mining News Pro - The farming communities that have been blockading MMG’s Las Bambas copper mine in Peru since April 14, 2022, say they won’t meet with the Presidency of the Ministers’ Council (PCM) to discuss an end to their protest unless the Executive complies with a series of conditions.

Newmont expects to pull trigger on $2bn Peru gold project mid-year

Mining News Pro - Newmont, the world’s no. 1 gold miner, expects to move ahead with a planned $2 billion expansion of its Yanacocha mine, in northern Peru’s Cajamarca region, to extend the asset’s life beyond 2040.

‘Painful’ mine protests reflect years of broken promises in Peru

Mining News Pro - The head of Peru’s biggest mine says a swift solution to rising social unrest in the country is within reach if authorities and politicians agree to address the central problem: management of public funds.

Peru mine disruption to continue as MMG fails to oust protesters

Mining News Pro - MMG Ltd. is facing the possibility of a prolonged disruption at its copper mine in Peru after failing to clear the site of all protesters in an operation that has further inflamed tensions with indigenous groups.

Peruvian government to find solutions to conflict with communities around Cuajone mine

Mining News Pro - Southern Copper and the government of Peru have launched a dialogue process to address the ongoing conflict between the Tumilaca-Pocata-Coscore-Tala farming communities and the Cuajone copper mine.

Peru police carry out second day of evictions at halted Las Bambas mine

Mining News Pro - Peruvian police on Thursday are carrying out a second day of evictions at MMG’s Las Bambas copper mine, seeking to remove a remaining indigenous community that had camped inside company property in a protest, a community adviser told Reuters.

Peru gov’t declares state of emergency near MMG’s Las Bambas mine as stand-off continues

Mining News Pro - The Peruvian government on Wednesday declared a state of emergency near MMG’s Las Bambas copper mine, where production has been halted for a week due to indigenous communities camped inside.

Newmont boosts investment in Yanacocha gold mine in Peru

Mining News Pro - Newmont, the world’s no. 1 gold miner by output, has increased its planned investments for its Yanacocha Sulfides gold project in Peru from $2.25 billion to $2.5 billion, with a firm decision on the amount to be made by year-end.

Peru says 50-day protest lifted at Cuajone mine

Mining News Pro - Peru said on Friday a group of indigenous communities had lifted a protest against Southern Copper Corp’s Cuajone mine that had forced a suspension of production for more than 50 days.

Fifth of Peru copper mining goes offline with more shutdowns likely

Mining News Pro - Sky-high metal prices and accelerating general inflation are fueling another up-tick in resource nationalism and social unrest in Peru, among the top suppliers of copper, zinc and silver.

Peru Copper Mines are at a Crisis and may affect the global price

Mining News Pro - To be sure, community conflicts are nothing new in Peru and some of the current unrest is more about protecting water supplies than grabbing a bigger share of the mineral spoils.

Peruvian government to negotiate with communities opposing Glencore’s copper project

Mining News Pro - Peru’s Ministry of Environment and the southern Espinar province set up a dialogue process with the goal of finding solutions to the social and environmental problems people say mining operations are causing in the area.

Newmont becomes sole owner of Yanacocha gold mine in Peru

Mining News Pro - Newmont, the world’s no. 1 gold miner by output, is buying Sumitomo Corp’s 5% stake in the Yanacocha mine in Peru for $48 million.

Peru approves expansion of Las Bambas copper mine despite protests

Mining News Pro - MMG Ltd on Thursday said it has secured approval from Peru’s Ministry of Energy and Mines to expand its Las Bambas copper mine despite ongoing outrage from local indigenous communities.

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