Peru Mining News

Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.

Posted: February 22, 2012, 6:15 pm

Peruvian legislators have presented a bill to congress to restrict gold mining in the Amazon basin.

Posted: February 20, 2012, 9:48 pm

Focus Ventures Ltd. (CVE:FCV) announced this morning high- to bonanza-grade silver intercepts from its Minas Chanca project in Peru.

Posted: February 20, 2012, 6:53 pm

Peruvians in the northern region of Cajamarca are not giving up easily in their fight over Newmont Mining's proposed Conga copper-gold mine.

Posted: February 18, 2012, 11:02 pm

Mitsubishi Corp. (8058) will pay an estimated 60-70 billion yen to acquire an 18.1% interest in a Peruvian copper mine that is expected to begin production around 2016, The Nikkei learned Thursday.

Posted: February 16, 2012, 5:11 pm

Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that results of the second and third diamond drill hole at the Company's wholly-owned San Martin project in southern Peru have been received. Hole SMA-002 was located approximately 80m north of SMA-001 (see news release dated January 18, 2012), and as was the case with SMA-001, targeted the depth continuity of encouraging silver assays encountered in surface chip-channel samples.

Posted: February 16, 2012, 5:06 pm

Peru’s long-running Conga mine dispute moved slightly forward on Tuesday after the government appointed foreign engineers to oversee an independent review of Newmont Mining Corp.'s stalled $4.8 billion gold project, reports La Republica.

Posted: February 15, 2012, 3:17 pm

Copper production is seen at 640,000 tonnes in 2012.

Posted: February 10, 2012, 8:26 pm

Record annual earnings of more than $2 billion released today by key global copper producer Southern Copper Corp (NYSE:SCCO), were overshadowed by the company’s decision of pushing back the beginning of its operation at the $1 billion Tia Maria project until 2015.

Posted: February 9, 2012, 6:04 pm

Newmont Mining, world number two gold producer, said on Wednesday it has options to spend its capital elsewhere to meet production targets if its $4.8 billion Conga project in Peru does not restart.

Posted: February 8, 2012, 10:31 pm

Peru's Mines and Energy Ministry (MEM) reported a drop in the 2011 production of the country’s major export metals, including silver, copper, gold, lead, tin and zinc. Silver production fell 6.22% in 2011, compared to 2010; followed by copper (0.96%) and gold (0.04%). In contrast, iron ore and molybdenum production increased

Posted: February 8, 2012, 4:33 pm

Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras") (the "Company") is pleased to announce its expanded 2012 exploration programme at the Yauricocha mine in Peru. TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras") (the "Company") is pleased to announce its expanded 2012 exploration programme at the Yauricocha mine in Peru. The exploration program...

Posted: February 8, 2012, 4:16 pm

Reuters reported that production of all main metals fell in Peru in 2011 from the previous year as depleted reserves and lower ore grades hit the major global producer.

Posted: February 5, 2012, 10:26 am

Fortuna Silver Mines boosted production by close to a third last year at its Mexico and Peru silver mines.

Posted: January 26, 2012, 9:34 pm

MONTREAL, QUEBEC--(Marketwire - Jan. 26, 2012) - Dynacor Gold Mines Inc. ("Dynacor" or "the Company") (TSX:DNG) is pleased to announce that gold production for 2011 from its ore- processing plant delivered a company best 46,026 ounces, including a record month of 4,565 ounces for the month of December, 2011. This amounts to a year over year increase of 37% (2010 - 33,525 ounces) and a quarterly increase of 29% (Q4/2010 - 3,533 ounces) respectively.

Posted: January 26, 2012, 2:24 pm