The National Society of Mining, Oil and Energy (SNMPE) reported that mining exports in February 2023 recorded revenues of US$2,422 million, a 28.9% drop compared to the same month in 2022 (US$3,407 million). The union specified that mining exports in the first two months of the year totaled US$5,012 million, a decrease of 22.8%, compared […]
Tag: copper
Chile approves Anglo project to increase copper supplies; Codelco sees new synergies
Chile approved an investment of more than US$3 billion in a copper mine owned by Anglo American Plc despite some environmental concerns, a sign of the government’s willingness to boost production of a key raw material in the energy transition. clean. A committee of Chilean government ministers approved the environmental permit the bronzes Integrated of […]
Copper closes the week with a rise after the recovery of Chinese exports in March
The price of copper, Peru’s main export metal, closed up at US$ 4,119 a pound this Friday on the London Metal Exchange (BML). With this, the red metal reached a progress of 0.9% compared to the day before. According to a Cochilco report collected by the Chilean newspaper Diario Estrategia, the rise of the commodity […]
Chile will reverse the drop in copper production in the coming years, said the Minister of Mining
Chilean production of copper It will recover in the coming years after recent weak performance, Chilean mining minister Marcela Hernando said Thursday, adding that dialogue with the industry on tax adjustments helps moderate concerns. A combination of factors has hit the vital sector of the largest world producer of the metal, which led production to […]
Michiquillay and Tantahuatay would allow 50% more national copper production
The development of the projects michiquillaybelonging to Southern Peru, and tantahuatay, a partner with Buenaventura, would allow for 50% more copper production nationwide. Both are located in Cajamarca. This was stated by Raúl Jacob, CFO of Southern Peru, during his presentation at the virtual event Rumbo a Perumin “Northern Macroregion: Tumbes, Cajamarca, Piura, La Libertad […]
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 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
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”
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
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 […]