The Mining Statistics Bulletin (BEM) of the Ministry of Energy and Mines (Minem) revealed that Áncash became the main copper-producing region during 2021 with an accumulated 464,909 fine metric tons (FMT) of the metal, which reflects a growth of 16.3% compared to the result of 2020 (399,791 TMF). What’s more, represents 20.2% of the total […]
Tag: mining
Newmont strengthens presence in Yanacocha and Peru
Yanacocha Sulfidesproject called to produce 6.5 million ounces of gold and 1,200 million pounds of copper per year from 2024, now has a new majority shareholder, after the Peruvian company Buenaventura sold 43.65% of its participation to Newmontwhich already held 51.35%, for a total of US$300 million, plus contingent payments linked to higher metal prices […]
Las Bambas would suspend operations again on February 20 if blockade continues
The Chinese company MMG reported on the Hong Kong Stock Exchange that the Las Bambas mine could again suspend its operations on February 20 if the blockade is not lifted in Ccapacmarca. According to the document, the community of Ccapacmarca, located in the province of Chumbivilcas, has established a new blockade that involves approximately 100 […]
Massive use of gas and end conflicts: the Minem’s pending issues
Last Tuesday, President Pedro Castillo appointed Alessandra Herrera Jara as the new head of the Ministry of Energy and Mines (Minem) to replace Eduardo González Toro, who had held the position since October 2021. The new official is a lawyer and has worked as a consultant and director in various portfolios. At mineuntil August 2020, […]
Mining regions received more than S / 6,600 million for canon and royalties in 2021
The mining regions received in 2021 a total of S/ 6,632 million for concepts related to the mining canon, legal and contractual mining royalties, as well as the right to validity and penalty, according to the Mining Statistics Bulletin of the Ministry of Energy and Mines (Minem). This represented an increase of 59.3% in relation […]
Direct employment in mining exceeds 2019 levels by 18.5%
The latest Mining Statistics Bulletin (BEM) of the Ministry of Energy and Mines (Minem) reported that the job in the mining sector reached a historic result in 2021 with an average of 227,407 workers. This good performance reveals the solid recovery of mining activity after the onslaught of the coronavirus pandemic, which resulted in strict […]
Mining investment exceeded US$5.2 billion in 2021, according to Minem
The mining investmentaccumulated at the end of 2021, amounted to US$ 5,238 million, an increase of 21.1% compared to the same period of the previous year (US$ 4,325 million), reported the Ministry of Energy and Mines (mine). According to Mining Statistical Bulletin (BEM), in December 2021, mining investments totaled US$788 million, which meant a significant […]
Big copper companies look at Argentina again, says McEwen
Huge deposits and more favorable policies have made Argentina at a point of attraction lithium in recent years. Now the world industry copper has turned to look at the South American nation. That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province, near the Chilean border. Called Los […]
World copper deficit could reach 6 million tons by 2030
Global demand for copper will exceed supply by more than 6 million tonnes by 2030, according to projections by Norwegian consultancy Rystad Energy. “A shortfall of this magnitude would have far-reaching ramifications for the energy transition, as there is currently no substitute for copper in electrical applications. Significant investment in copper mining is required to […]
Finance sector with better growth prospects in the BVL
At the end of 2021, the S&P Peru General, the main index of the Lima Stock Exchange (BVL), registered an annual variation of + 1.39%, with 21,111.73 points. In detail, the sectors that gained the most last year were construction (35.51%) and industrial (35.43%), followed by mining (5.55%). While those that lost the most were […]