La Libertad has positioned itself as the first gold producer in the country, however, it has not yet recovered its production levels that it reached between 2005 and 2015, according to the Chamber of Commerce of the region, which manages the monitoring and promotion of formal and responsible private investment. Precisely, its president, Alfonso Medrano […]
Tag: gold
Peruvian copper production recovered 11.2% in the first quarter of 2023
The production of copper national reached 219,275 fine metric tons (TMF) in March 2023, an increase of 20.4% compared to the same month of the previous year (182,173 TMF) leveraged by the higher production levels of Cerro Verde (+7.3%) and Southern Peru (+79.8%). According to the Mining Statistical Bulletin (BEM) of May, the accumulated copper […]
China’s foreign exchange reserves rise to $3.205 trillion in April
The foreign exchange reserves of China they rose more than expected in April, official data showed on Sunday. The country’s foreign exchange reserves, the world’s largest, rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion expected by a Reuters poll of analysts and $3.184 trillion in March. The yuan fell 0.63% against […]
Bolivia approves selling up to 50% of its gold reserves due to a shortage of dollars
bolivian will be able to sell up to 50% of its gold reserves, according to a law that was approved this Friday, May 5 by Congress and that was promoted by the government of Luis Arce to alleviate the dollar shortage. The president will sanction the norm that the majority of the government voted for […]
Controversial Gold Law in Bolivia is approved in a new vote of deputies
The deputies of bolivian They approved this Saturday the controversial Gold Law project aimed at strengthening international reserves, in a new vote carried out after the heated session the day before in which the presidency of the Lower House approved the norm without having achieved a majority. The standard was approvedin big” with 73 votes […]
US$ 15 million in gold theft investigated at Canadian airport
Five days after the theft of some $15 million in gold and other goods at the Toronto airport (Canada), the Canadian Police have yet to make any arrests and do not appear to have any suspects in the theft. Canadian police revealed Thursday that a container stored in an area of the Toronto airport disappeared […]
Mining exports fell 29% in February due to lower volumes and a global drop in prices
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$5,012 million, a decrease of 22.8%, compared […]
US$ 1 million in gold stolen from Canadian miner in Argentina; Patagonia Gold suspends project
Thieves stole nearly $1 million in gold from a mining project in southern Argentina run by Vancouver-based Patagonia Gold Corp. The Canadian miner denounced on Monday the theft of 500 ounces of gold from its Cap-Oeste gold project, in the southern Argentine province of Santa Cruz. As reported by the company in a statement, in […]
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. […]
Trip to Itaituba, the main illegal gold market in the Amazon
It all revolves around trading gold. The bulldozer sale is a success and the miners are revered. Welcome to Itaituba, better known as “nugget city”, the main market of illegal gold of the brazilian amazon. Mining is the engine of this apparently calm municipality bathed by the waters of the Tapajós River, in the state […]