Bear Creek de-risks Corani silver project in Peru
09.11.2019
Bear Creek Mining (TSXV: BCM) announced that it has completed a review of the 2017 NI 43-101 Technical Report entitled Corani Project Detailed Engineering Phase 1 (FEED) for the Corani silver, lead, zinc deposit in Peru. In a press release, Bear Creek said that the objectives of the review were to reduce typical construction, development…
Camino intensifies fieldwork at Chapitos project in Peru
06.11.2019
Camino Minerals (TSXV: COR) announced it is updating and extending by two years the Declaración de Impacto Ambiental (DIA – Environmental Impact Assessment) permit spanning the Atajo zone on its 22,000-hectare Chapitos copper-gold project in southern Peru. In a media statement, Camino’s CEO John Williamson said that by extending the permit, the company will be…
Peru lets Southern Copper keep building $1.4bn Tia Maria mine
01.11.2019
The Peruvian government confirmed on Wednesday it had given Southern Copper (NYSE: SCCO) permission to resume construction at its $1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region. The world’s fifth largest copper producer by output had to cancel work in August, after authorities suspended the construction licence to evaluate…
Peru set to see US$7.3bn of mining projects start construction
Six mining projects will begin construction next year in Peru and another two will follow in 2021.With combined investment of US$7.3bn, the projects are seen as essential to revive the country’s economy amid an institutional crisis and much political uncertainty. According to the latest data from the energy and mining ministry (Minem), investments of US$3.93bn…
Peru’s construction outlook remains strong helped by private investment in infrastructure and mining
30.10.2019
Growth in the Peruvian construction industry is set to expand by 4.5% in real terms in 2019, down from 5.4% in 2018, with growth expected to pick up to an annual average of 5.2% over the remainder of the forecast period (2020-2023), according to GlobalData. However, lower-than-expected commodity prices, rising global trade tensions, and slow…
Chile’s Codelco resumes operations after union calls for end to strike
28.10.2019
Chile’s Codelco, the world’s top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco’s divisions, had joined a…
Peru: Gold mine operating without license destroys primary forest in protected area
25.10.2019
When inspectors from Peru’s Technical Administration for Forestry and Wildlife (ATFFS) in Puerto Inca Province received a complaint about the presence of miners in the buffer zone around the El Sira Communal Reserve, they sent up a drone that captured images of a forest devastated by gold mining. The images revealed piles of dirt and…
Nexa to open world’s second largest zinc project currently under construction in 2021
24.10.2019
Brazil’s Nexa Resources (TSX, NYSE: NEXA) expects to begin commercial production at its recently acquired Aripuanã zinc project, in the country’s Mato Grosso state, by 2021, as the company seeks to maximize benefits of current market conditions for the base metal. The company, led by former Vale Canada’s chief Tito Martins, consolidated ownership of the…
How Countries Manage Water: Peru
22.10.2019
Peru’s Framework Law for Climate Change, enacted in April 2018, incorporates climate risk into all investment projects and makes the country’s climate change commitments legally binding. Water governance is under the Ministry of Agriculture and Irrigation, but administrative authorities manage local water systems. Two major projects are underway that revamp the country’s water management. The…
Sierra Metals Reports Third Quarter 2019 Production Results Including Record Quarterly Consolidated Equivalent Metal Production
19.10.2019
Sierra Metals Inc. (SMT.TO) (SMT.TO) (NYSE AMERICAN:SMTS) (“Sierra Metals” or “the Company”) is pleased to report third quarter 2019 production results featuring the highest level of quarterly consolidated equivalent metal production. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home…005369/en/ Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha…
