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☆ Peru seeks mining investment revival with pledge to end 'chaos, disorder'
▼ + stars: | 2023-09-27 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/2] Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors demanding the resignation of Peru's President Dina Boluarte, in Condoroma in Cusco region, Peru February 4, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsSummaryCompanies Peru mining investment expected to drop 18% this yearMiners push to use contractorsGovernment aims to streamline environmental permittingLIMA, Sept 27 (Reuters) - Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. As a mining conference in the southern Andean region of Arequipa got started this week, Prime Minister Alberto Otarola addressed concerns about political instability and protests that have led to an expected 18% drop in mining investment this year. The last major investment in Peru was Anglo American (AAL.L)'s $5 billion Quellaveco project, which came online last year and has helped buffer production figures. Reuters GraphicsReporting by Marco Aquino; Editing by Adam Jourdan and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte, Pilar Olivares, Alberto Otarola, Otarola, Raúl Jacob, Pedro Castillo, Boluarte, Mines Oscar Vera, Victor Gobitz, Gobitz, Marco Aquino, Adam Jourdan, Sonali Paul Organizations: REUTERS, Companies, Miners, Reuters, Mining, Grupo Mexico's, Reuters Graphics, of Energy, Mines, BHP, Mitsubishi, Thomson Locations: Condoroma, Cusco region, Peru, Companies Peru, LIMA, Arequipa, American, Teck

☆ Peru sees copper projects on track, to stay ahead of Congo on output
▼ + stars: | 2023-06-02 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

REUTERS/Marco AquinoLIMA, June 1 (Reuters) - Peru's key copper projects are moving forward and the country is optimistic about remaining the world's second-largest copper producer, its mining minister said on Thursday, fending off a rise in the ranks by the Democratic Republic of Congo. Mining Minister Oscar Vera expressed confidence Peru's copper industry can boost output of the key industrial metal as mines worth some $6 billion come online over the next two years. Congo's copper output has accelerated rapidly and pulled almost even with Peru, while a report this week said Congo could grab the No. 2 spot as Peru's output slows. Vera said Peru mining projects on the horizon include the $1.5 billion Zafranal mine and the $2.5 billion Yanacocha Sulfuros project controlled by Newmont Mining Corp (NEM.N).

Persons: Marco Aquino LIMA, Oscar Vera, Vera, Newmont, Marco Aquino, Kylie Madry, David Alire Garcia, Edmund Klamann Organizations: REUTERS, Democratic, Democratic Republic of Congo . Mining, Newmont Mining Corp, Aluminum Corp, Thomson Locations: Tapairihua, Peru's Andes, Democratic Republic of Congo, Peru, Congo, Chile

☆ Glencore copper mine in Peru struck by vandals, cars torched
▼ + stars: | 2023-01-12 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

LIMA, Jan 12 (Reuters) - Vandals attacked Glencore's (GLEN.L) Antapaccay copper mine in Peru on Thursday, the country's top mining official said, amid a deepening political crisis marked by violent protests that have broken out near major mines in the southern Andes. Peru is the world's second-biggest copper producer, and is currently in the throes of the worst civil unrest in years. A major tin mine located in the southern Puno region, where some of the fiercest anti-government protests have played out, also announced it temporarily halted its mining operations. The Antapaccay mine is one of the largest in Peru, and has tussled with the local community in the past. Later on Thursday, miner Minsur said it was temporarily suspending operations at its San Rafael mine, one of the largest tin mines in the world.

☆ Key mining route cleared after days of protests, Peru government says
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +1 min

Dec 24 (Reuters) - A key road for mining transportation in Peru was cleared after days of protests, a government minister said, as the country struggles with political tensions following the ousting and arrest of former President Pedro Castillo. The so-called southern mining corridor in the Cusco region was cleared on Friday afternoon after a meeting between local and trade organizations, Energy and Mines Minister Oscar Vera said in a statement. Demonstrators have blocked roads and forced the closure of airports as part of protests after the arrest of Castillo and the designation of Dina Boluarte as president. The southern corridor is key for important mines including Las Bambas, which is one of the world's largest copper mines and is owned by China's MMG Ltd (1208.HK). The road has suffered other blockades this year due to protests by neighboring communities who demanded more benefits from the exploitation of resources.

☆ Peru's defense minister named PM in Cabinet shuffle after protests
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

[1/6] Peru's President Dina Boluarte, who took office after her predecessor Pedro Castillo was ousted, poses for a family picture with members of her new Cabinet, in Lima, Peru, December 21, 2022. REUTERS/Sebastian CastanedaLIMA/MEXICO CITY Dec 21 (Reuters) - Peru's President Dina Boluarte promoted the country's defense chief to the prime minister's job as part of a shuffle of her 11-day-old Cabinet on Wednesday, a move that followed protests this month that have left roughly two dozen people dead. Alberto Otarola, a lawyer who had been the Andean nation's defense minister, was named prime minister, and four others entered the Cabinet. That move followed Mexican President Andres Manuel Lopez Obrador's public support for Castillo. Earlier, members of Castillo's family landed in Mexico City after being granted political asylum.

☆ Peru's president Boluarte names Cabinet following Castillo ouster
▼ + stars: | 2022-12-10 | by ( Marco Aquino | ) www.reuters.com time to read: +1 min

[1/5] Peru's President Dina Boluarte, who took office after her predecessor Pedro Castillo was ousted, poses along with her new Cabinet in Lima, Peru December 10, 2022. REUTERS/Sebastian CastanedaLIMA, Dec 10 (Reuters) - Peruvian President Dina Boluarte on Saturday named her Cabinet, tapping former deputy finance minister Alex Contreras as economy minister and chemical engineer Oscar Vera as energy and mines minister, following the ouster of ex-President Pedro Castillo. Boluarte took office on Wednesday after Castillo was ousted from office and arrested following his failed attempt to dissolve Congress as lawmakers were preparing to impeach him. read moreShe also named former state prosecutor Pedro Angulo as prime minister and diplomat Ana Cecilia Cervantes as foreign minister. Reporting by Marco Aquino in Lima, Writing by Brian Ellsworth in Miami Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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