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 […]
Tag: mining
Roque Benavides Ganoza: “We should have US$5 billion in mining investment and we don’t have it”
The year ends with a smile for Minas Buenaventura with the purchase of 19% of its shares by the Chilean Antofagasta, a Luksic Group company. However, Roque Benavides, president of the Peruvian mining company, still sees a long way to go in the local extractive industry, although he recognizes slight progress. -What does 2023 leave […]
Mining investment will fall -14.1%: there are no more large mines
Only three confirmed projects for just over US$834 million will be developed in Peru in 2024. These are Yumpag (US$81 million), Corani (US$603 million) and Romina (US$150 million). If Antamina Replenishment (US$2,000 million) is added, which until two weeks ago had not had its Environmental Impact Study Modification approved (MEIA)—despite the fact that, since 2022, […]
Reinfo: they grant a period of 90 days to request that the registration suspension be lifted
On Thursday, December 21, the Executive Branch published Legislative Decree No. 1607, which modifies Law No. 30077, Law against Organized Crimeincluding a Final Complementary Provision that establishes measures related to the Comprehensive Registry of Mining Formalization (Reinfo), which would seek to strengthen the fight against illegal mining. Natural or legal persons with suspended registration in […]
“Urban mining”: solar panel recycling grows in the US
As countries try to transition away from fossil fuels in the fight against climate change by sources of renewable energynew pollution challenges arise, such as disposing of solar panels that reach the end of their useful life. Previously a novelty, the installation of photovoltaic cells has become widespread in USAespecially in the scorching American West, […]
Peru is preparing a lithium refinery with a capacity of 100,000 tons per year
At an altitude of more than 4,500 m asl, in a region where the main economic activity—the alpaca livestock— has suffered the ravages of increasingly scarce demand, what will be the largest lithium refinery in South America and one of the most important in the world is being prepared, with a projected annual production of […]
Mining conflict at historic peaks heats up the start of 2024
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 […]
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 […]