This year, 2023, will close as the highest cycle of social conflicts in the last 7 years, exceeding 220 cases, and the majority of these respond to mining activity, according to a recent report presented by the 33rd Observatory of Mining Conflicts in Peru (CMO). The high number of conflicts in our country will be […]
Tag: mining
Mining investment drags a drop of -13.5% in 2023
Mining investment accumulated in the tenth month of the year again recorded a drop and fell -13.5% compared to the same period in 2022, according to the Mining Statistical Bulletin (BEM) prepared by the Ministry of Energy and Mines (Minem). Thus, between January and October 2023, investments in the sector did not exceed US$3,591 millioncompared […]
Adex: Peruvian exports as of October totaled more than US$52,000 million
The Association of Exporters (ADEX) reported that between January and October 2023, Peruvian shipments abroad reached US$52,455,595,000, a figure with -0.1% compared to the same period in 2022. This indicates that the level of exports still remains at the level of 2022. Likewise, for October, outflows were US$5,646 million, 6.4% more than in the same […]
Canadian mining company promotes voluntary retirement of its collaborators in Panama
The Canadian company First Quantum Minerals (FQM) reported this Monday that it opened “a voluntary retirement program for the “collaborators” of the great copper mine that explodes in Panamaafter the Supreme Court of Justice of that Central American country declared unconstitutional the law contract that renewed a mining concession. FQM detailed in a statement that […]
Arequipa and Ica lead regional exports as of September 2023
As of September 2023, Arequipa and Ica have consolidated themselves as the main exporting regions, after accumulating shipments of US$4,831 million (7.1%) and US$4,429 million (14.4%) respectivelyaccording to the Monthly Regional Trade Report of the Ministry of Foreign Trade and Tourism (Mincetur). “At Mincetur, we are working to promote the strengthening of national exports, a […]
Moody’s: Mine closure impacts Panama’s deficit and growth outlook
The rating agency Moody’s said this Wednesday that the cancellation in Panama of the exploitation contract of the largest open pit copper mine in Central America, “makes it very likely” that the Central American country does not meet the deficit objective this year and in 2024 and that it affects the growth perspective of the […]
Congo would have displaced Peru as the second global copper producer, says Codelco
The president of the board of directors of the state copper company Codelco, Máximo Pacheco, assured that the Democratic Republic of the Congo (DRC) will replace Peru as the second world supplier of copper in 2023, while Chile remains in first place. According to information collected by Reuters, the Chilean Codelco highlighted the rapid progress […]
The largest copper mine in Central America, roots of a conflict
The Supreme Court of Panama declared this Tuesday “unconstitutional” a mining contract, an expected ruling after more than a month of social tension with marches, road blockades, million-dollar losses in the economy and outbreaks of violence. These are the main dates of the crisis around the largest open pit copper mine in Central America, operated […]
Farmers in northern Panama are losing everything in the midst of the mining crisis
“I lost lettuce, cabbage and I am saving the potato because it lasts a little longer, but if there is no opening of the streets, we are also going to lose that production”Elfry Rigoberto Rodríguez, one of the thousands of small producers affected by the road blockades that are disrupting the economy, told EFE. Panama […]
Chinese commercial presence in Latin America grew 35 times
In recent years, the Chinese economy has managed to position itself as one of the main trading partners of Latin America and the Caribbean. Bilateral exchange went from US$14 billion in 2000 to nearly US$500 billion in 2022, that is, it multiplied its value 35 times during this period, according to a report by the […]