Peru ranks third in world copper production. The country is also the top producer of silver, the second largest producer of zinc, fourth for lead and sixth for gold. As of 2009, mineral exports accounted for 61 percent of total export revenue in Peru, which produced 1,260,000 metric tonnes of copper that same year, according to the USGS.
Continue reading "Copper Mining in Peru"
Friday, February 25, 2011
Bloomberg reports that Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and partner Cia. de Minas Buenaventura SA are studying a $3.5 billion expansion of their Cerro Verde copper mine.
Continue reading "Peru’s Cerro Verde Copper Expansion May Cost $3.5 Billion"
Monday, November 22, 2010
Bloomberg reports that Peru’s sol declined the most in a week as copper prices fell.
Continue reading "Peru’s Sol Weakens Most in a Week on Copper’s Drop"
Wednesday, November 17, 2010
Iberian Minerals Corp. (CVE:IZN) announces financial and operating results for the third quarter ended September 30, 2010.
Continue reading "Iberian Minerals Reports Third Quarter 2010 Results"
Thursday, November 11, 2010
Sagittarius Capital Corp. (CVE:SCX.H) enters a Letter of Intent with Alpaca Resources Inc. to acquire all of the issued and outstanding securities of Alpaca.
Friday, August 14, 2009
BHP Billiton Limited workers at copper mines in Chile and Peru are pressing for a share of record profits earned in 2008 as talks commenced on new labor contracts. For full story, click here
Continue reading "BHB Billiton Miners Pushed for Sharing of Copper Profits in Chile"
Sunday, July 26, 2009
Phoenix based Southern Copper declared that it has raised its copper production guidance for 2009 to 490,000 tonne from 470,000 tonne largely thanks to record Q2 red metal production at the Ilo smelter in Peru. For full story, click here
Continue reading "Southern Copper surged 2009 Copper Guidance to 490,000 tonne"
Friday, July 24, 2009
The record Q2 copper production at the Ilo smelter in Peru encouraged the Phoenix-based Southern Copper to raise red metal production estimation for 2009. For full story, click here
Continue reading "Southern Copper surged 2009 Production Target"
Thursday, July 23, 2009
The record Q2 copper production at the Ilo smelter in Peru encouraged the Phoenix-based Southern Copper to surge red metal production estimation for 2009. For full story, click here
Continue reading "Southern Copper has surged 2009 Output Target"
Tuesday, July 21, 2009
Southern Copper, the largest copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. For full story, click here
Continue reading "Southern Copper profit slipped 68% as prices plunged"
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Thursday, April 7, 2011