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Tag: copper

Apurímac: Las Bambas, the fourth largest copper mine in Peru, returns to 100% operation

Apurímac: Las Bambas, the fourth largest copper mine in Peru, returns to 100% operation Apurímac: Las Bambas, the fourth largest copper mine in Peru, returns to 100% operation

Leaf The Bambas, located in Apurímac, fully resumed its operations a week ago after being paralyzed due to social conflicts. At the beginning of February, the mining company announced its stoppage due to the lack of supplies due to the blockades in the Southern Mining Corridor. Las Bambas is the fourth most important mine dedicated […]

Goldman Sachs forecasts copper supercycle driven by China’s recovery

Goldman Sachs forecasts copper supercycle driven by China’s recovery Goldman Sachs forecasts copper supercycle driven by China’s recovery

Goldman Sachs expects a China-led commodity supercycle and capital flight from energy and investment markets this month, following concerns raised by the banking sector, the head of this sector at the US bank said. “As the losses mounted, they spilled over into commodities,” Jeff Currie, global head of commodities at Goldman Sachs, told the Financial […]

Mining: half of exploration investments are in the environmental management stage

Mining: half of exploration investments are in the environmental management stage Mining: half of exploration investments are in the environmental management stage

Encouraging outlook. He Ministry of Energy and Mines (Minem) published the new edition of the 2023 Mining Exploration Project Portfolio, made up of 74 exploration projects in 17 departments of Peru. All, with a global investment of US$596 million. The document, presented through the General Directorate of Mining Promotion and Sustainability, states that 30 of […]

Minister Alex Contreras: “A shock is coming to eliminate mining permits”

Minister Alex Contreras: “A shock is coming to eliminate mining permits” Minister Alex Contreras: “A shock is coming to eliminate mining permits”

The Minister of Economy and Finance, Alex Contrerasinformed that the Peruvian Government will seek to expedite and reduce procedures for mining exploration and exploitation, according to the conclusions obtained during the most important mining convention in the world, PDAC 2023, organized in Canada. In a dialogue with Radio Nacional, the head of the MEF stated […]

MEF proposes changes to the organization and functions of the Fiscal Council

MEF proposes changes to the organization and functions of the Fiscal Council MEF proposes changes to the organization and functions of the Fiscal Council

He Ministry of Economy and Finance (MEF) established changes for the organization and operation of the Fiscal Council, an autonomous and technical commission of the public sector that strengthens the transparency and institutionality of public finances. Through Supreme Decree No. 037-2023-EF, the Peruvian Government provides that the Fiscal Council be made up of five members […]

Chile’s Codelco obtains The Copper Mark sustainability certification for El Teniente mine

Chile’s Codelco obtains The Copper Mark sustainability certification for El Teniente mine Chile’s Codelco obtains The Copper Mark sustainability certification for El Teniente mine

The Chilean state Codelcothe world’s largest producer of coppersaid on Tuesday it had obtained The Copper Mark sustainability certification for its flagship mine The lieutenant. The company had reported at the beginning of last year that it would seek to obtain the seal for all its operations by the end of 2023 and that El […]

BCRP: exports fell 14.5% in January due to lower shipments of mining products

BCRP: exports fell 14.5% in January due to lower shipments of mining products BCRP: exports fell 14.5% in January due to lower shipments of mining products

During the first month of 2023, Peruvian exports reached US$4,695 million, which represents a 14.5% drop compared to January last year, when they totaled US$5,492 million, as reported by the Central Reserve Bank of Peru ( BCRP). This negative result is due to lower volumes of traditional products such as copper, gold, zinc and hydrocarbons. […]

Chile passes law allowing closure of controversial copper smelter

Chile passes law allowing closure of controversial copper smelter Chile passes law allowing closure of controversial copper smelter

The Chilean Congress approved a law that allows the closure of the controversial Fundición Ventanas of the state-owned Corporación Nacional del Cobre (Codelco), a site that operates in the Quintero-Puchuncaví bay in the Valparaíso region and which has been involved along with other companies in the area in serious episodes of contamination and poisoning that […]

Profits of the Chilean mining company Antofogasta fell 39.4% in 2022

Profits of the Chilean mining company Antofogasta fell 39.4% in 2022 Profits of the Chilean mining company Antofogasta fell 39.4% in 2022

the miner Chilean antofagastaone of the largest in the world, reported this Tuesday that it registered in 2022 revenues of 5,862 million dollars and profits of 2,930 million dollars, which represents a drop compared to the previous year of 22% and 39.4%, respectively. The company explained in a statement that the 2022 result was influenced […]

Chile: National copper production fell 5.3% last year

Chile: National copper production fell 5.3% last year Chile: National copper production fell 5.3% last year

Production reached 5.33 million tons. Codelco and Collahuasi recorded falls of -10.1% and -9.4%, respectively; while the Escondida mine advanced 4.2%. The copper production in Chile reached 5.33 million tons last year, which meant a year-on-year reduction of 5.3%. Only in December this indicator fell 0.5% in December to 495,800 tons, according to data from […]

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