The Chinese-owned company MMG, which has operations in Peru, Australia and Congo, reached revenues of US$4,347 million in 2023. Of that amount, 78% corresponded to its operation in Apurímac, Las Bambas. As reported by BNamericas, Las Bambas registered a significant recovery from the US$2,087 million it reached in 2022, and closed a historic 2023 with […]
Tag: the Bambas
Tisur would almost double its investments in the Port of Matarani in 2024
Tisur, the company that manages the concession of the port of Matarani (Arequipa), plans to make investments in said terminal for up to US$8 million in 2024, higher than the US$5 million with which it would close in 2023. This, as a corollary to the investment activities that the Romero Group company has developed in […]
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 […]
Congo equals Peru in second place in global copper production
After a first warning bell in the middle of this year, the Democratic Republic of Congo (RDC) would have already emerged as the second largest copper producer internationally, relegating Peru to third place and occupying a decisive position in key supply for the energy transition at the end of 2023. The president of the Codelco […]
Las Bambas: workers’ union enters an indefinite strike
According to the workers of MMG Las Bambas, there have been eight years in which MMG Las Bambas, affected by continuous social conflicts, has only declared profits in one year, so they do not receive greater profits. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate […]
Chinese companies manage seven mining projects
For more than ten years, China has established itself as Peru’s main trading partner, managing in the last 30 years to place investments of more than US$17 billion in strategic sectors such as mining and hydrocarbons. Also in the electricity sector and the port area. Mining has been the main industry to which Chinese capital […]
At the end of the third quarter, Peru already produces 16% more copper than in 2022
At the end of the third quarter of 2023, accumulated copper production in Peru recorded an increase of 16% (2 million 005,957 fine metric tons, FMT) compared to the same period in 2022 (1 million 728,967). According to the Mining Statistical Bulletin (BEM), in September the production of the red metal reported 235,178 TMF, a […]
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 […]
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 […]
Minem and the main mining companies in Peru agree on objectives to reactivate the sector
The Minister of Energy and Mines, oscar veramet this week with executives of the main mining companies operating in Peru, reaffirming the Government’s commitment to increase mining investments and generate benefits for the country. After the meeting, the head of Minem stated that a “good moment” has returned with businessmen in the mining sector. In […]