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Peru's bipolarity towards mining
what is keeping projects on the shelves is not that much the bureaucracy, but the social conflicts and the uncertainty about commodity prices. Other projects worth mentioning are Southern Copper's expansions at Toquepala and Cuajone; Buenaventura's Tambomayo gold project - a $200 million venture expected to be commissioned in 2016; Tahoe Resources' Shahuindo gold project, whose phase I will involve a $70 million investment; Hochschild Mining's Inmaculada, which just started production for an annual output of 6 to 7 million oz of silver equivalent; and Jinzhao Mining's Pampa de Pongo, a $1.5 billion iron ore operation plus $340 million port, which has been quietly advancing and has already received its environmental impact assessment approval.
Peru's bipolarity towards mining
what is keeping projects on the shelves is not that much the bureaucracy, but the social conflicts and the uncertainty about commodity prices. Other projects worth mentioning are Southern Copper's expansions at Toquepala and Cuajone; Buenaventura's Tambomayo gold project - a $200 million venture expected to be commissioned in 2016; Tahoe Resources' Shahuindo gold project, whose phase I will involve a $70 million investment; Hochschild Mining's Inmaculada, which just started production for an annual output of 6 to 7 million oz of silver equivalent; and Jinzhao Mining's Pampa de Pongo, a $1.5 billion iron ore operation plus $340 million port, which has been quietly advancing and has already received its environmental impact assessment approval.
Peru's bipolarity towards mining
2015
Article (Journal)
English
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