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Peru set to see US$7.3bn of mining projects start construction

17.10.2019


Six mining projects will begin construction next year in Peru and another two will follow in 2021. With combined investment of US$7.3bn, the projects are seen as essential to revive the country’s economy amid an institutional crisis and much political uncertainty. According to the latest data from the energy and mining ministry (Minem), investments of…



Siemens gearless drives for Quellaveco conveyor being delivered Q4 2019

15.10.2019


Conveyors are an increasingly important gearless drive market. Powered by Siemens’ new gearless drive technology, thyssenkrupp’s high-capacity overland conveyor will access one of the world’s largest copper reserves in Quellaveco. The Quellaveco mine in Peru contains approximately 7.5 Mt of copper in ore reserves. With the rugged landscape in Quellaveco, transporting the primary crushed ore…



China’s MMG says protests to affect Las Bambas copper operations


Operations at Las Bambas, one of Peru’s largest copper minefield, will be affected by road disruption with supplies being blocked amid anti-mining protests, Chinese miner MMG Ltd said on Thursday. Access to our Las Bambas mine has been disrupted due to roadblocks and logistics have been interrupted since Sept. 22, MMG said, as protests blocked…



Peruvian government wants to secure $21B in mining investments

13.10.2019


Peru’s Minister of Energy and Mines, Francisco Ísmodes at Perumin 2019. Image courtesy of the Peruvian Ministry of Energy and Mines, Flickr. Peru’s Minister of Energy and Mines, Francisco Ísmodes, said that the Martín Vizcarra government wants to secure $21 billion in mining investments before the end of its term in 2023. According to state-owned…



Peru looks for reforms after mining decimates the Amazon

09.10.2019


In February, Peruvian authorities were sent in to the Amazon Rainforest to disrupt environmental devastation brought on by illegal gold mining. Satellite imagery now shows a 90 percent decline in new deforestation as the government and environmentalists try to initiate reforms. Special correspondent Leo Schwartz reports on the second of a two-part series by NYU’s…