The president of the board of directors of the state copper company Codelco, Máximo Pacheco, assured that the Democratic Republic of the Congo (DRC) will replace Peru as the second world supplier of copper in 2023, while Chile remains in first place. According to information collected by Reuters, the Chilean Codelco highlighted the rapid progress […]
Tag: copper
The largest copper mine in Central America, roots of a conflict
The Supreme Court of Panama declared this Tuesday “unconstitutional” a mining contract, an expected ruling after more than a month of social tension with marches, road blockades, million-dollar losses in the economy and outbreaks of violence. These are the main dates of the crisis around the largest open pit copper mine in Central America, operated […]
Panama: Supreme Court declares “unconstitutional” the mining contract that is the focus of the crisis
The Supreme Court of Justice of Panama declared this Tuesday “unconstitutional” the contract that renewed the exploitation concession of the largest open pit copper mine in Central America, a decision that is expected to end a national crisis and open a front of international arbitrations by the concessionaire, the company Minera Panamá, a subsidiary of […]
Why a large mine in Panama faces a ruling that could be its end
The Supreme Court of Justice of Panama A permanent session begins this Friday to decide on the alleged unconstitutionality of the contract for a large open-pit copper mine, owned by Canadian capital, whose operation has generated the largest protests in decades in the country with a toll of four deaths, million-dollar losses the economy and […]
Minem maintains a portfolio of mining projects for US$18,427 million in Cajamarca, including Conga
He Ministry of Energy and Mines (Minem) reported that it maintains a portfolio of mining projects for more than US$18,427 million in Cajamarca, including Conga, paralyzed since 2011. During his presentation at the decentralized session of the Energy and Mines Commission of Congress, held in Cajamarca, the minister of the sector Oscar Vera maintained that […]
Michiquillay: US$2.5 billion copper project gains ground in its exploration stage
Michiquillay, in Cajamarca, is one of the most important copper projects in the portfolio of the Ministry of Energy and Mines (Minem). It is in charge of Southern Perú and its operation is planned for 2032. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for […]
At the end of the third quarter, Peru already produces 16% more copper than in 2022
At the end of the third quarter of 2023, accumulated copper production in Peru recorded an increase of 16% (2 million 005,957 fine metric tons, FMT) compared to the same period in 2022 (1 million 728,967). According to the Mining Statistical Bulletin (BEM), in September the production of the red metal reported 235,178 TMF, a […]
Las Bambas: MMG revises upwards its copper production projection in Peru for 2023
MMGparent company of Las Bambas, increased its copper production forecasts in Peru and will end the 2023 financial year in a range of between 285,000 and 305,000 tons. According to the Production Results for the third quarter of 2023, the company globally produced 94,050 tons of copper and 59,229 tons of zinc in the July-August-September […]
Protests deprive the largest market in the capital of Panama of food
Trader Jel Morales ran out of merchandise to sell and his colleague Raúl Pineda is looking to transport vegetables by plane: protests against a mining contract are depriving the capital of Panama. “Merca Panamá”, the wholesale market where 80% of the vegetables consumed in the capital are sold, looked almost deserted this Sunday, since “there […]
Anglo American lowers copper production forecasts in 2023 and will depend on Quellaveco
According to information shared by the transnational, the projection went from between 840,000 and 930,000 tons, to an average of between 830,000 and 870,000 by the end of 2023. Its shares on the stock market are not going through the best moment either. Join the La República WhatsApp channel Price of the dollar today in […]