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Tag: mining

Parliament of Panama approves the repeal of the mining contract

Parliament of Panama approves the repeal of the mining contract Parliament of Panama approves the repeal of the mining contract

The National Assembly (Parliament) of Panama approved this Wednesday in the second of three necessary debates a bill that repeals the controversial contract with Minera Panamá, a subsidiary of the Canadian company First Quantum Minerals (FQM)amid a wave of anti-mining protests in the country. The plenary session of the Panamanian Parliament, with 71 seats and […]

Las Bambas: MMG revises upwards its copper production projection in Peru for 2023

Las Bambas: MMG revises upwards its copper production projection in Peru for 2023 Las Bambas: MMG revises upwards its copper production projection in Peru for 2023

MMGparent company of Las Bambas, increased its copper production forecasts in Peru and will end the 2023 financial year in a range of between 285,000 and 305,000 tons. According to the Production Results for the third quarter of 2023, the company globally produced 94,050 tons of copper and 59,229 tons of zinc in the July-August-September […]

Puno is one of the hardest hit by economic recession

Puno is one of the hardest hit by economic recession Puno is one of the hardest hit by economic recession

After the Minister of Economy, Alex Contreras, admitted that the Peru is in recession, the regions are analyzing the situation of each of them. The president of the Chamber of Commerce and Production FistFrancisco Aquise, indicated that the highland region is the hardest hit by the economic recession. The most affected sectors are tourism, agriculture, […]

Anti-mining protests leave Panama’s capital almost deserted

Anti-mining protests leave Panama’s capital almost deserted Anti-mining protests leave Panama’s capital almost deserted

Few cars and pedestrians were seen this morning on the City of Panama after the anti-mining protests that intensified last night and are expected to continue this Wednesday for the third consecutive day, despite the call for calm and dialogue from the Government and employers. The blockades on the Pan-American highway, which crosses the country […]

La Oroya: complex will produce up to US$400 million a year

La Oroya: complex will produce up to US$400 million a year La Oroya: complex will produce up to US$400 million a year

In 2009, Doe Run Perú stopped its operations at the Metallurgical Complex of La Oroya (CMLO), claiming that they did not have the resources to keep it afloat. A lot of water ran under the bridge and only in October of last year was the infrastructure handed over to its former workers, organized through Metalurgia […]

Costs in large copper mining in Chile continue to advance

Costs in large copper mining in Chile continue to advance Costs in large copper mining in Chile continue to advance

The costs of large copper mining in Chili maintained their upward trend in the first half of the year due to lower production and an increase in services, a report from the state Chilean Commission of the Copper (Cochilco). In its cost observatory for the first semester, the agency indicated that the direct cost reached […]

Copper production grew 7.5% in August: gold, iron, tin, zinc and lead also rose

Copper production grew 7.5% in August: gold, iron, tin, zinc and lead also rose Copper production grew 7.5% in August: gold, iron, tin, zinc and lead also rose

The production of copper led the progress of most metals in our country in the month of August and advanced 7.5% compared to the same month of the previous year, reported the Ministry of Energy and Mines (Minem). The Mining Statistical Bulletin (BEM) for the month in question indicates that the year-on-year increases were especially […]

Mining and hydrocarbon production grew more than 5% in August 2023

Mining and hydrocarbon production grew more than 5% in August 2023 Mining and hydrocarbon production grew more than 5% in August 2023

He mining and hydrocarbons sector increased 5.17% in August 2023 due to the positive result of mining-metal activities (4.63%) and hydrocarbons (9.08%), reported the National Institute of Statistics and Informatics (INEI) in the technical report ‘Conjunctural advance of economic activity’. This result was influenced by the higher production volume of copper (7.5%), zinc (6.8%), gold […]

Miguel Cardozo: There will be 30 years of good copper prices; Not taking advantage of them would be collective suicide

Miguel Cardozo: There will be 30 years of good copper prices; Not taking advantage of them would be collective suicide Miguel Cardozo: There will be 30 years of good copper prices;  Not taking advantage of them would be collective suicide

Perumin 36 culminated in Arequipa. This meeting brought together the main Mining companies that extract metals in Peruvian territory. In this interview, Miguel Cardozo confirms that the world will demand a lot copper, mineral declared critical and whose important reserves are only in Peru and Chile. However, he affirms that there are several projects that […]

Peru has the copper that the world needs for the energy transition

Peru has the copper that the world needs for the energy transition Peru has the copper that the world needs for the energy transition

Copper is a critical resource. In the medium term, the demand for this mineral will grow exponentially. Today, global mining production amounts to 12 million tons. By 2035, demand will probably double. This raw material is used to manufacture electric cars, panels that capture energy from the sun, etc. There is a decarbonization of the […]