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

01.11.2019


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 US$3.93bn…



Peru’s construction outlook remains strong helped by private investment in infrastructure and mining

30.10.2019


Growth in the Peruvian construction industry is set to expand by 4.5% in real terms in 2019, down from 5.4% in 2018, with growth expected to pick up to an annual average of 5.2% over the remainder of the forecast period (2020-2023), according to GlobalData. However, lower-than-expected commodity prices, rising global trade tensions, and slow…



Chile’s Codelco resumes operations after union calls for end to strike

28.10.2019


Chile’s Codelco, the world’s top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco’s divisions, had joined a…



Peru: Gold mine operating without license destroys primary forest in protected area

25.10.2019


When inspectors from Peru’s Technical Administration for Forestry and Wildlife (ATFFS) in Puerto Inca Province received a complaint about the presence of miners in the buffer zone around the El Sira Communal Reserve, they sent up a drone that captured images of a forest devastated by gold mining. The images revealed piles of dirt and…



Nexa to open world’s second largest zinc project currently under construction in 2021

24.10.2019


Brazil’s Nexa Resources (TSX, NYSE: NEXA) expects to begin commercial production at its recently acquired Aripuanã zinc project, in the country’s Mato Grosso state, by 2021, as the company seeks to maximize benefits of current market conditions for the base metal. The company, led by former Vale Canada’s chief Tito Martins, consolidated ownership of the…



How Countries Manage Water: Peru

22.10.2019


Peru’s Framework Law for Climate Change, enacted in April 2018, incorporates climate risk into all investment projects and makes the country’s climate change commitments legally binding. Water governance is under the Ministry of Agriculture and Irrigation, but administrative authorities manage local water systems. Two major projects are underway that revamp the country’s water management. The…



Sierra Metals Reports Third Quarter 2019 Production Results Including Record Quarterly Consolidated Equivalent Metal Production

19.10.2019


Sierra Metals Inc. (SMT.TO) (SMT.TO) (NYSE AMERICAN:SMTS) (“Sierra Metals” or “the Company”) is pleased to report third quarter 2019 production results featuring the highest level of quarterly consolidated equivalent metal production. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home…005369/en/ Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha…



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…