The National Maje Authoritys (Autodema) ended the procedure that sought to annul the temporary use of more than 12,000 hectares for the Zafranal mining project in the Arequipa mountains. This investment is in its culminating phases of evaluation. If the last permits are obtained, the first works will begin in 2025. They will add 441 […]
Tag: ministry of energy and mines
Moquegua led mining investment in Peru in April 2023
He Ministry of Energy and Mines (Minem) reported that, as of the fourth month of the year, Moquegua ranked first in mining investment in the country, with an amount exceeding US$204 million, amounting to 17.5% of the total participation of US$1,170 million. Regarding copper mining production in April, Moquegua ranked third with 15.8%, with Anglo […]
Peruvian copper and a latent African threat
This week, it was learned that the Democratic Republic of Congo (DRC) could displace Peru as the world’s second largest copper producer in no more than five years. The information, shared by Wood Mackenzie, indicates that the extraction of the African red metal almost equaled that of Peru in 2022, where 2 million 438,631 tons […]
The project to install efficient air conditioners in Galapagos advances
The Ecuadorian Ministry of Energy and Mines advances in the Project “Replacement of Air Conditioners of Energy consumption Inefficient in the Province of Galapagos-PAAG”, in order to reduce energy consumption in the residential sector of the archipelago. This, thanks to the replacement of inefficient air conditioners, with new and more efficient equipment. The project contemplates, […]
Petroperú will have a participation of no less than 40% in Talara lots
For Petroperú to materialize the long-awaited return to the upstream after 30 years, the Government of Dina Boluarte has launched a “plan B”, with which the state oil company, instead of entering through the front door, will do so as a minority partner of an operating company. And it is that after announcing with great […]
Arequipa puts US$1,263 million investment in Zafranal at risk
The Regional Government of Arequipa (GRA) published a statement that begins the process to cancel the usufruct of 12,207 hectares in favor of the Zafranal mining company. In this extensive area, between the provinces of Castilla and Caylloma, said company plans to exploit copper deposits. The decision of the Arequipa institution, through its attached unit […]
Regional Government of Arequipa seizes land from a US$1.4 billion mining project
He Regional Government of Arequipa (GRA) published a statement annulling the usufruct of 12,207 hectares in favor of the Zafranal mining company. In this extensive area, between the provinces of Castilla and Caylloma, this company plans to exploit copper deposits with a low concentration of gold. The decision of the Arequipa institution, through its attached […]
Keys to Petroperú’s return to Talara lots
1. Is Petroperú qualified to assume the lots? It is mentioned that Petroperú does not have the capacity to operate on a large scale in the upstream market for crude oil exploration and exploitation, since 30 years have passed since its lots were privatized. Therefore, it would not have suitable personnel today either. Gustavo Navarro […]
Minem: “Tía María is part of our reactivation plans”
Minister of the sector, Óscar Vera, assured that they will begin a dialogue with the communities of Islay and “await better news in the coming months” to promote the copper project. Price of the dollar today in Peru: what is the exchange rate for this Saturday, May 6? Can I withdraw the CTS they deposit […]
Fraser Ranking: Peru advances 8 places in the mining competitiveness index
Peru has advanced 8 places in the mining competitiveness ranking that places it on the 34th rung out of 62 countries, while in 2021 we were in 42nd place (out of 84). In addition, we moved Chile, which is now ranked 35th, according to the annual report of Mining Companies 2022 Prepared by the Fraser […]