The Institute of Economic and Social Studies (IEES) of the National Society of Industries (SNI) detailed that the volume of exports in five of seven industrial sectors showed a negative behavior in the first two months of the year. In this sense, the fishing sector turned out to be the most affected, with 43.56% less […]
Tag: mining
Argentina Central Puerto enters the Canadian mining company AbraSilver
The Argentine company Central Puerto, whose asset portfolio is focused on the generation of electricity, will enter the Canadian mining company AbraSilver with the purchase of 4% of its Actionsfor a total of 10 million Canadian dollars (US$7.3 million). In a statement sent this Monday to the Argentine markets, Central Puerto, whose shares are listed […]
GDP grew 2.85% in February, its best result in almost two years
After almost two years, the country’s economic activity grew almost 3% in its monthly evolution. In February it reported an advance of 2.85%, and set the best result recorded since June 2022 (3.40%). It is important to note that in February 2023 the GDP contracted by 0.61%, affected by the protests against the Government of […]
Mining booming: production increases by 15.94% in February
By Susana Condado The activity of the sector Mining and Hydrocarbons has experienced a notable increase during the month of February, according to the recent report from the National Institute of Statistics and Informatics (INEI) on the current progress of economic activity. The production of the Mining and Hydrocarbons sector increased by 15.94% in February […]
Chile’s mining production increases 7.7% thanks to copper and lithium
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/E567EA4DZRCQFF4VF45WPAX47E.jpg?fit=%2C&ssl=1)
The mining production of Chili increased 7.7% last February compared to the same month in 2023, thanks to greater activity, especially in the copper and lithium sectors, the National Statistics Institute (INE). Metallic mining grew by 5.5% “due to an increase in the extraction and processing of copper,” said the INE it’s a statement. With […]
It surpasses Peru and is from South America: meet the country that produces the most copper in the world
The Democratic Republic of the Congo managed to position itself above Peru and became the second largest copper producer in the world, according to official data provided by both nations. Despite this achievement in terms of productionthe African country is still behind the South American country when it comes to exports of this metal. The […]
Colombia: female miners on the hunt for the coveted emerald that will change their lives
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/Y5CGSHPYZJH3VEAXPF3ENKSX5Q.jpg?fit=%2C&ssl=1)
Hundreds of meters deep, in tunnels dug into the earth that reach where water is scarce. oxygen and the heat is so stifling that it is nauseating, the hammers drill in search of something green that shines. The hands that hold those tools are those of a group of 200 women Colombian women who make […]
Tía María: is unblocking the mining project viable?
“Aunt María would be a turning point” Víctor Gobitz, president of the SNMPE Let’s avoid the dichotomy. It’s not that water is yes or gold is no, or if Aunt María is going or not going. I could be wrong, but in my context they are formal and supervised investments that generate progress. Tía María […]
Panama: government approves plan for orderly closure of copper mine
The Panamanian Government approved this Tuesday the plan for the “orderly closure” of the copper mine operated by Minera Panamá, a subsidiary of the Canadian First Quantum Minerals (FQM)disqualified since last November when Justice declared “unconstitutional” the contract that renewed its concession. The action plan to execute the closure of the Panama Cobre Mine, the […]
OEFA imposed environmental fines for more than S/822 million
Between the years 2021 and 2023, the Environmental Assessment and Enforcement Agency (OEFA) imposed more than S/822 million 459,034 in fines for environmental violations, most of them directed at the supervised mining and hydrocarbon sectors. According to official information from the regulatory body, in 2023 firm fines were imposed – in which the company did […]