Tag: Mining

They identify a new zone of mineralization that expands the Hualilán course by 50%
News

They identify a new zone of mineralization that expands the Hualilán course by 50%

Australian mining company Challenger Exploration Limited (CEL) has identified a new zone of high-grade mineralization at the Hualilán gold project in Ullum, approximately 120 kilometers northwest of the city of San Juan. In this way, Hualilan's course was expanded from 2.1 to 3.1 kilometers, that is, an increase of around 50%, highlighted a statement issued by the company headquartered in the city of West Perth. Commenting on the progress in exploration activity, CEL Managing Director Kris Knauer highlighted that "we are progressively unveiling the scale that we have anticipated in our flagship Hualilan Gold project." The Hualilan Project consists of 15 mining lea...
Archbishop: we are poisoning Panama with so much mining
Health

Archbishop: we are poisoning Panama with so much mining

The archbishop of Panama, José Domingo Ulloa, warned the government that "we are poisoning" the common home (the country) with mining and "in the face of this the Church cannot remain silent."During the homily in the San Francisco de Asís church for the solemnity of Corpus Christi, Monsignor Ulloa proposed declaring a "mining moratorium" after the concerns of the various Catholic organizations regarding some actions that threaten to turn Panama into a "mining country" . He also suggested that the Ministry of Commerce suspend the new concession of 25 thousand hectares for mining projects in the districts of Colón and Coclé to establish a dialogue with the affected communities.Galician, the most illustrious of the disappearedIn another aspect, he stressed that June 9 will already be 50 yea...
Francke points out that Pedro Castillo’s program does not have to raise prices in his eventual government
News

Francke points out that Pedro Castillo’s program does not have to raise prices in his eventual government

The economist Pedro Francke, member of the technical team of the political party's campaign Free Peru, said this Monday that prices will not suffer an increase in an eventual government of Pedro Castillo because inflation will be kept under control and the monetary and fiscal stability of the country will be respected.SIGHT: Elections: How did the Peruvian economy fare prior to electoral periods in the last 40 years?"He has been very misled by Keiko de Fujimori's campaign that they are going to raise prices with Pedro Castillo", Held."It is totally wrong [que los precios van a subir] Because a great program like the one we have with loans, with road improvements, with support for formalization, what is going to do is increase the supply at the popular table. And, of course, we will keep i...
Bicentennial Year: Can We Achieve Responsible Mining ?, by Paul Ruidias
News

Bicentennial Year: Can We Achieve Responsible Mining ?, by Paul Ruidias

A few weeks from the second presidential roundWe see a lot of uncertainty regarding the economic proposals of both candidates. All sectors are concerned about having to choose between a statist model or a market economy model.Mining is one of these sectors, being one of the main assets of the Peruvian economy due to the large annual contributions it generates. For this reason, the new government must aim for its growth with a concept of responsible mining, allowing both the private sector and the communities to work in harmony for the development and conservation of the environment.How to do it? Before taking actions, we must prioritize health. Without vaccines and without an improvement in the health sector, we cannot aspire to the implementation of the proposal, especially now that w...
Editorial: Luck knocks twice
News

Editorial: Luck knocks twice

From 2002 to 2013, Peru had one of the highest economic growth rates in the world. In those years, the expansion of the PBI it was close to 6% on an annual average - even with the global crisis of 2009 in between. The period, of course, coincided with the so-called supercycle of minerals. The pound of copper, our main export product, went from less than a dollar in 2003 to US $ 4.60 at the peak of early 2011. With the company of sensible economic policies, the country took advantage of this boom period to advance with the reduction of poverty and the consolidation of the middle class. Between 2004 and 2014, the poverty rate fell from 58% to 23% - a monumental achievement for any country. Since then, the incidence of poverty It practically remained unchanged until the arrival of the ...
Investment of $ 500 million in refinery and mining
Health

Investment of $ 500 million in refinery and mining

The government announced the interest of foreign corporations to invest $ 500 million in mining and a refinery in which the Panamanian State would have 50% of the shares.Commerce Minister Ramón Martínez announced that the country has received a proposal from the Canadian company Broadway Mineral to operate the Molejón Mine project, whose concession was canceled in 2015 due to non-compliance, and had not been duly closed. The investors' proposal, which implies the due sustainable care of the area, includes a commitment to pay $ 30 million owed to the Social Security Fund (CSS) and the payment of unfulfilled labor benefits to more than 600 workers for the old dealer. In addition, the company is committed to investing $ 200 million in the reconstruction of the mine to make it operational....
The price of copper breaks records, but mining freezes investments
News

The price of copper breaks records, but mining freezes investments

According to the criteria ofKnow moreLast May 10th was a historic day for the mining of copper, main product of export From Peru. That day the price of the red metal reached the historic peak of US $ 10,724.5 per ton (US $ 4.86 per pound) on the London Metal Exchange, causing the euphoria of financial analysts, who see a new megacycle (boom) price for mining.Thus, the Bank of America foresees that the price of the industrial metal could reach US $ 20 thousand per ton by 2025 due to the risk that its supply, currently scarce, will be exacerbated by the growing demand of large economies and industries aimed at decarbonizing world, such as solar, wind and electric mobility.READ ALSO: Mining exports grew 29.4% to add US $ 8,210 million in the first quarterAnd it is that the fight against clim...
Meet the Peruvian scientist with the most inventions and patents registered in the country
News

Meet the Peruvian scientist with the most inventions and patents registered in the country

According to the criteria ofKnow moreWhen Elon Musk He presented his brick company made with tunnel mud three years ago, the world thought it was a madness more of the eccentric visionary, minus the Peruvian metallurgical engineer Silvana Flores placeholder image. She felt validated because she has been promoting the idea of ​​mining that does not pollute and in which its surpluses are reusable for more than 17 years. Circular economy, they tell you now. Her “eco-tech” bricks, for example, made from mining tailings that she decontaminated herself, were one of her most talked about and awarded inventions, which she realized long before Tesla's millionaire.Today Flores has more than 17 patents registered in INDECOPI and is, therefore, the woman with the most inventions that appears in its...
Church councilors come out to support Espejo for the dispute with Jáchal
News

Church councilors come out to support Espejo for the dispute with Jáchal

Days ago, DIARIO DE CUYO announced that the mayor of the Church, Jorge Espejo, strongly warned his jachallero peer, who claims to be also a "direct" part of the royalties of the Josemaría mining project, that he is not going to loosen any of the the benefits that belong to its jurisdiction, and this Tuesday it got the official support of the five church councilors. Through a statement, the councilors who in turn represent the majority of the political forces, publicly manifested themselves before the rights acquired by the Church department, with respect to the Josemaría Mining Project. "The Deliberative Council, after a series of meetings with representatives of the Josemaría project, with the Ex...
Regions received S / 1,200 million from mining activity as of March of this year
News

Regions received S / 1,200 million from mining activity as of March of this year

The transfer of resources generated by the mining activity to regional and local governments exceeded S / 1,200 million as of March this year, according to the Mining Statistical Bulletin of the Ministry of Energy and Mines (Minem).These items include the Mining Canon, Legal and Contractual Mining Royalties, Right of Validity and Penalty.SIGHT: Moquegua, Ica and Áncash led mining investments during the first quarter, according to SNMPEAccording to the official figures and disaggregating the amounts, it is specified that more than S / 737 million were transferred under the Mining Canon concept, figures exceeding S / 459 million were transferred for Mining Royalties, and a amount greater than S / 3.6 million.The report indicates that the region that received the most resources is Áncash (S ...