Despite the fact that the Commissions of Economy and Constitution of Congress had scheduled yesterday to discuss the prediction that grants powers to the Executive power to legislate on tax, fiscal, financial and economic matters, it did not succeed. The reason? The Economy Commission decided to adjourn the session to seek a consensus with the […]
Tag: mining
The United Kingdom displaces China as Peru’s main foreign investor in mining
The Ministry of Energy and Mines (Minem) reported that the United Kingdom is the main foreign investor in Peruvian mining with a participation of US $ 11,584 million; followed by China, with US $ 10,775 million and Canada, with US $ 8,321 million. According to a report from the Portfolio of Mine Construction Projects 2021, […]
Francke on new mining tax: “If it is not now, we will lose the opportunity”
The Minister of Economy and Finance, Pedro Francke, He argued that, at least, US $ 13,500 million were able to raise mining companies since the metal rally began in the international post-pandemic market, including copper, the main input exported by our country. “The price of metals is at a very good level. More than US […]
Minem urges MMG Las Bambas to review its proposal to reach agreements with communities
The Ministry of Energy and Mines (Minem) announced that a new working meeting was held between MMG Las Bambas, operator of the Las Bambas mine, and representatives of the communities of the province of Chumbivilcas (Cusco), where the road corridor crosses Apurímac-Cusco-Arequipa (CVACA), also called “mining corridor”. At the meeting, held in the community of […]
Minem transfers S / 21 million for environmental care at the Florencia Tucari mine
The Ministry of Energy and Mines authorized the transfer of S / 21 million to the company Activos Mineros SAC (Amsac), with the aim of financing immediate actions in the Florencia – Tucari mining unit to avoid water contamination, according to the resolution Resolution Ministerial n ° 438-2021-MINEM / DM published this Tuesday in the […]
Produce: mining suppliers would double their participation in GDP in the next 10 years
The mining supplier sector could double its participation in the national GDP in the next 10 years, reaching 6% and in 20 years this figure could be 9%, according to estimates by the Ministry of Production (Produce ). According to Produce, the mining supplier sector represents “great growth potential, as evidenced by experiences such as […]
Las Bambas mining union concerned about the announcement of the stoppage of activities
The Unique Union of Workers of the Mining Company Las Bambas MMG published a statement in which it expresses its concern over the announcement of the stoppages of the mining activity in Las Bambas, since they indicate that it puts more than 9,000 workers and their families at risk. “Our company made known that, due […]
The ghost pipeline: Las Bambas in its zero hour
Initially there were two mines operated by the same company, Xstrata, operating, one in Cusco (Tintaya) and the other in Apurimac (The Bambas). Between the two mining units, over a 200-kilometer corridor, is the Cusco province of Chumbivilcas. The Swiss capital company envisaged a pipeline between the two, for which it prepared an EIA in […]
Las Bambas copper production at risk due to blockages
As anticipated months ago, the company MMG Limited reported that the lack of supplies, associated with the blockade of roads in the Cuzco corridor of Chumbivilcas, will prevent the exploitation of copper in its Las Bambas project, Apurímac. In a communication with the Hong Kong Stock Exchange (HKSE), the chief executive officer and CEO of […]
Pedro Castillo: we will attend to the Las Bambas problem as soon as possible
President Pedro Castillo referred to the recent announcement by the Chinese corporation MMG about the halt of its operations at the Las Bambas mine. “We are going to attend to what the Las Bambas mining company is proposing as soon as possible, as well as what is happening in the jungle, in the north of […]