Posts Tagged ‘peru’

Newmont Mining Corp. Full story

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 According to data provided by the MEM, Peru’s cumulative gold production for last ... Full story

TORONTO, ONTARIO–(Marketwire – Feb. Full story

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 Full story

Peru’s Prime Minister said on Tuesday Newmont Mining’s stalled Conga project will be developed as the government could end up with a “huge” compensation payment if the $4.8 billion mine does not go ahead. Newmont stopped construction of the copper-gold project in November after violent protests in the poor Cajamarca region of northern Peru. Business News Americas reports PM Óscar Valdés told daily La ... Full story

By Karan Kumar - Exclusive to Gold Investing News The world's second largest gold producer, Newmont Mining Corp (NYSE:NEM), will pay more than $2 billion in taxes over the life of its proposed Conga mine in Peru after violent protests by residents and... Full story

The Eurasia Group writes in a guest post on the FT that as attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. Eurasia argues in the FT’s Beyondbrics section “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects,” something that ... Full story

From Deloitte a new report Tracking the trends 2012, The top 10 trends mining companies may face in the coming year .  The report starts with this quote: As nations around the world industrialize and populations strive to improve their standards of living, mining has come to take a more central role on the world stage. Gone are the days when conversations about commodity ... Full story

Vancouver-based  Bear Creek Mining (TSX-V: BCM) is waiting for Peru's justice system to resolve the impasse over its Santa Ana silver concession in Puno region, the company's operations VP Elsiario Antúndez de Mayolo told BNamericas. Full story

Reuters reports Peruvian President Ollanta Humala declared a state of emergency late on Sunday banning assembly and giving police power of arrest without warrant in an effort to quell protests against Newmont Mining’s Conga gold mine that have caused havoc across the region of Cajamarca. Over the 11 days of protests, boulders were used to block exits from the regional capital of more than ... Full story