In a year where the weakest economic growth in two decades is expected – not counting the pandemic – and with little room for public spending, tax collection from economic activities continues to fall. At the end of August, the total of tax revenue fell 11.7%registering the most pronounced fall in mining and hydrocarbons (-43.4%), […]
Tag: mining
Perumin 2023 Mining: Forging a path towards development
The mining industry It is a fundamental engine for the development of our country. It is a pillar that drives the economy, improves the quality of life and generates opportunities for everyone. This year, Perumin 2023 invites us to explore this world even more deeply through a unique event. Join us for this digital event […]
Arequipa: Cerro Verde mining company only wants to pay $1.61 per m3 of water for its operations
Sedapar and the Cerro Verde mining company They will be forced to enter into dialogue starting in October to negotiate a new agreement on the use of wastewater from Arequipa’s drains. This wastewater used to be discharged without prior treatment into the Chili River during decades. Cerro Verde captures these waters, processes them at the […]
Mining investment fell 19.6% in the first seven months of 2023
In July 2023, the mining investments They reached an amount greater than US$346 million, a decrease of 21.8% compared to what was reported in July 2022 (US$442 million). At the end of 2023, US$4.7 billion of mining investment is expected to be executed. In this way, adding the July result to what was achieved in […]
Peru has 47 mining projects paralyzed and they ask to reactivate them
The 2023 edition of the Perumin mining convention will receive its nearly 60,000 convention attendees with an agenda of the Peruvian mining that little has changed since last year’s edition. The 2022 convention left the data that Peru had regressed to last place in the competitiveness index compared to other mining countries due to the […]
Chile’s Codelco cedes 24,000 hectares to newly created glacier park
The state copper company Codelco will give up 24,000 hectares of mining concessions that it owns in the Andes Mountains, around the Chilean capital, for a recently created park of glaciersannounced Monday the chairman of the board. In mid-August, the government published the creation of the Santiago Glaciers National Park, which seeks to protect 368 […]
Volcan approves spin-off of its business in Puerto de Chancay, but Glencore rejects results
On the last Thursday, August 24, 2023, Volcan Mining Company SAAat its first shareholders meeting, approved by majority the spin-off of its business in the Port of Chancayas reported to the Stock Market Superintendence through an important event. The decision was supported by a large majority, concluded with 2,305,873,695 votes in favor (representing 71.93% of […]
Senace approved environmental studies for more than US$6 billion in sustainable investments
He National Environmental Certification Service for Sustainable Investments (Senace) highlighted the approval of five detailed Environmental Impact Studies (EIA-d) and their modifications (MEIA-d) between April and August 2023. These approvals imply US$6,142 million in sustainable investmentsthanks to a scheme that commits citizen participation to generate confidence in the population. In the sector miningthe projects that […]
Several countries ask the Marine Fund Authority to authorize deep mining
Several countries such as Norway, the United Kingdom, Russia either Japan, present at the meeting of the International Seabed Authority (ISA), which is held in Kingston (Jamaica), have requested greater agility in the elaboration of the regulation necessary for the authorization of the mining in the Ocean floors in international waters. The Council of the […]
Brazil calls for a 10-year pause on deep-sea mining
Brazil requested a precautionary pause of 10 years to the mining marine in international waters. The request was published just days after companies and countries were allowed to start applying for provisional licences. It was during a meeting organized by the International Seabed Authority that a Jamaica-based United Nations regulatory agency failed to approve a […]