Peru community blocks road for copper transport by Chinese miner MMG

Buenaventura's annual net income rises 12% from last year, but gold production including Yanacocha fell 17% in 2010.

A further rise in crude oil prices will dampen copper prices, though demand from key buyers in China, the United States and Europe so far looks solid, a senior executive at the world's top copper producer Codelco said on Wednesday.

The Brazilian miner said on Friday it will lose 5% of its total nickel production for 2011 as a result of a 16-week shut down of a smelter furnace in Canada Brazilian miner Vale said on Friday it will lose around 5 percent of its total 2011 nickel

Compañía Minera del Pacífico has awarded the EPCM contract or its Cerro Negro Norte iron ore mining projects to international engineering firm AMEC International engineering and project management company, AMEC, has been awarded an engineering,

“Worldwide, Canada, Australia, Brazil, and Chile will likely remain the best jurisdictions in which to invest in and develop mining projects. Each of these nations will likely continue to see economic growth and mining investment.” This comment comes from a report, 2011 Ranking of Countries for Mining Investment Where ‘Not to Invest’. Most of us will agree with the company’s statement “the mining industry is vital to the creation of wealth and prosperity in any country. Countries that stifle it with detrimental political, economic, financial, and regulatory policies should be challenged to make changes that are more accommodative to its success.”

Newmont/Buenaventura major Peruvian gold mine, Yanacocha, saw 2010 gold sales well below 2009 due to declining grades, but higher gold price compensates LIMA

Vancouver-based Western Coal, which has agreed to a C$3,3-billion takeover by rival Walter Energy, is seeing improvements in the logistics systems it […]

Luna Gold  has commenced production at its Aurizon Gold Mine in Maranhã State, Brazil. Vancouver-based Luna Gold Corp. produced 10,905 ounces in November […]

Peru’s Ministry of Energy and Mines says Peru ranks third in global mining exploration investment, behind Canada and Australia.