Diesel power generation, the most expensive in the world National Interconnected Electric System of Peru (SEIN), it could skyrocket from 2025 and 2026 if larger generation projects are not completed, among which the non-conventional renewable energy (ERNC) commitments stand out. Within the framework of Expo Energía Peru 2023, the president of the Economic Operation Committee […]
Tag: Minem
The first natural gas networks financed with the Con Punche Peru Plan arrive at Ventanilla
The Ministry of Energy and Mines (Minem) guaranteed a good progress of the works of massification of natural gas with the resources of the Plan Con Punche Peru, which includes the construction of 47 kilometers of new networks for Lima and Callao. Minister Oscar Vera Gargurevich inaugurated this morning the first natural gas connections in […]
Minem: Congo will not pass to Peru in the copper market
Despite the fact that shipments of Peruvian minerals fell 8% in the first quarter —0.7% in the case of copper—, the Ministry of Energy and Mines (Minem) assured that the progress of copper production in the Democratic Republic of the Congo (DRC) will not mean that our country loses the second place of global supplier […]
Return of Petroperú to Talara more than covers the external debt
A recent investigation by La República revealed that the EBITDA (earnings before interest, taxes, depreciation and amortization) that Petroperú would generate annually with its income, partial or total, to lots I, VI, Z-2B and X of Talara, would exceed US$135 million on deposits that represent a going concern with low risk. In addition to a […]
Mining investment fell 19.1% in the first four months of 2023
The mining investment reached US$335 million in April 2023. This mode represents a 19% drop compared to the result of the same period of 2022, when US$ 413 million was reached. However, the figure for the fourth month of the year is 8.1% higher than that registered in March (US$310 million), according to the latest […]
Minem guarantees regular supply of LPG in all supply plants
He Ministry of Energy and Mines (Minem) reported that, as of June 9, 2023, the maritime conditions necessary for the normal development of LPG supply activities have improved; Therefore, it is estimated that LPG loading and unloading operations will begin today at the terminals located in Callao. Through Report No. 159-2023 of June 8, 2023, […]
Peruvian copper and a latent African threat
This week, it was learned that the Democratic Republic of Congo (DRC) could displace Peru as the world’s second largest copper producer in no more than five years. The information, shared by Wood Mackenzie, indicates that the extraction of the African red metal almost equaled that of Peru in 2022, where 2 million 438,631 tons […]
Copper production reached 221,999 MT in April 2023: 30.5% more than in the previous year
The national production of copper reached 221,999 fine metric tons (TMF) in April, representing a growth of 30.5% compared to the same month of the previous year (170,168 TMF), thanks to the good production performance of Southern Peru, Minera Las Bambas and Cerro Verde, according to the Mining Statistical Bulletin (BEM) of the Ministry of […]
Pampa del Pongo: iron project foresees investments of more than US$ 2,100 million in Peru
A delegation from Jinzhao Mining Peru, which operates the iron ore project in our country Pampa del Pongocame to the headquarters of the Ministry of Energy and Mines (Minem) to report that this project will be for underground mining and its construction will have three phases with an investment of more than US$2.1 billion. The […]
Financial crisis does not prevent Petroperú from assuming lots of Talara
These are key days to define the future of the fuel market. On the one hand, the Government of Dina Boluarte encourages the perpetuation of private companies in the Talara lots and seeks that Petroperú participate in a minority, while in plenary an opinion that strengthens the state company and empowers it to assume these […]