- Write by:
-
Monday, March 20, 2023 - 18:23:31
-
159 Visit
-
Print
Mining News Pro - The Peruvian Ministry of Energy and Mines (Minem) announced that 2023 will see the development of 74 mining projects across 17 departments for a total investment of $596 million.
“Exploration is fundamental for the development of the mining industry. It constitutes the first step of Peru’s most important economic activity as it allows the discovery of new deposits, as well as the extension of the life of operating mines, all of which generates resources for the benefit of the country,” the ministry said in a media statement.
According to the government agency, 30 of the 74 projects have recently become operative or are about to reach that phase as they already have all the required permits. These projects represent an investment of $134 million or 22.5% of the 2023 portfolio of mining exploration projects.
Meanwhile, 17 projects, accounting for $136 million or 22.7% of the portfolio, are in the evaluation stage for exploration authorization.
Finally, the communiqué notes that the remaining 27 projects, which represent $327 million in investments or 54.8% of the total, are undergoing evaluations of their environmental impact assessments.
Most of the projects, or 39 of them, focus on copper mining and represent an investment of $284 million. The red metal is followed by gold, with 18 projects and an investment of $220 million. Zinc occupies the third spot with nine projects accounting for $47 million in investments, while eight silver and lithium joint projects are expected to deliver $46 million in investments.
Short Link:
https://www.miningnews.ir/En/News/622750
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Copper needs to reach $12,000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new ...
India is in talks with several countries seeking partnerships for technical help on lithium processing, said four ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
No comments have been posted yet ...