Most economic indicators returned to an optimistic range in July, according to the recent Macroeconomic Expectations Survey prepared by the Central Reserve Bank (BCRP)In the month in which operations at the Tía María mine in Arequipa were resumed, short-term expectations for the Peruvian economy in 3 months rose from 50 to 51 points; while long-term […]
Tag: southern
Government confirms its support for the Tía María mining project
One of the most questioned mining projects, Tía María, was once again supported and backed by the Government. President Dina Boluarte stated during her address to the nation on July 28 that “the mining project is a reality” and that “the Government is convinced of the benefits of Tía María.” At the beginning of the […]
“Aunt Maria is going?”, by José De Echave
This week, the mining project Aunt Maria was back on the front page. Surprisingly, an internal company memo announcing “the resumption of activities in the Tía María project on July 1, 2024” was leaked on social media and in the press. It should be noted that, in the long history of conflicts against mining projects […]
The effect of the restart of Tía María on the local mining project portfolio
Following up on the announcement by Raúl Jacob, vice president of finance at Southern Perú Copper Corporation, Tía María has resumed operations in Peru with a view to turning the company into one of the most important copper producers (a metal currently quoted at over US$4.4 per pound) in the region and the world. But […]
Aunt Maria: Southern prepares a copper refinery worth more than US$10 billion in Moquegua
The Ministry of Economy and Finance (MEF) reported that the company Southern Cooper, owner of the Tía María copper mine in Arequipa, will install a refinery for more than US$10 billion once the project has been launched, around 2026. Speaking to TV Perú Noticias, Minister José Arista said that the new refinery complex would be […]
Southern Perú parent company rules out starting construction of Tía María in 2024
Grupo México SAB, majority shareholder of Southern Cooper Corporation, ruled out starting the construction of the Tía María copper project (Arequipa) at the end of 2024, as the financial vice president of its branch in Peru, Raúl Jacob, had suggested for local media. Through a letter sent to the Superintendency of the Securities Market (SMV) […]
Tía María would help raise annual copper production to 4 million tons, according to Southern
Given the desire of the Government of Dina Boluarte to unblock the Tía María project, Southern Copper plans to begin the construction of the mine located in Islay (Arequipa) at the end of this year or the beginning of 2025, according to Raúl Jacob, CFO of the company of Mexican capitals, who spoke for Bloomberg. […]
Michiquillay: US$2.5 billion copper project gains ground in its exploration stage
Michiquillay, in Cajamarca, is one of the most important copper projects in the portfolio of the Ministry of Energy and Mines (Minem). It is in charge of Southern Perú and its operation is planned for 2032. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for […]
Michiquillay and Tantahuatay would allow 50% more national copper production
The development of the projects michiquillaybelonging to Southern Peru, and tantahuatay, a partner with Buenaventura, would allow for 50% more copper production nationwide. Both are located in Cajamarca. This was stated by Raúl Jacob, CFO of Southern Peru, during his presentation at the virtual event Rumbo a Perumin “Northern Macroregion: Tumbes, Cajamarca, Piura, La Libertad […]
Moquegua: Southern restores water and operations at Cuajone mine
After almost two months of social conflict with the peasant community of Tumilaca-Pocata-Coscore-Tala, Southern Peru resumed its copper operations at the Cuajone mine, located in the district of Torata, province of Mariscal Nieto, Moquegua region. On the morning of Saturday, April 23, the workers started up all the crushing systems, conveyor belts, mills, flotation cells, […]