Data Mining Book

Archive for the ‘Mining Info’ Category

Investments made by Xstrata Tintaya over U.S. $ 418 million between January and May 2011. Works Antapaccay copper project have been built to 26%.

The development of Antapaccay require a total investment of U.S. $ 1,500 million and produce 160 000 metric tons of copper by the end of 2012. Located in Espinar, Cusco.

Mick Davis, general manager of the project reported that the works are running according to schedule. Work began in late 2010 and detailed engineering have been virtually completed.

The development of Antapaccay will expand Tintaya mining operations and consolidate the strategy of the Division of Xstrata Copper, owner of Tintaya, Antapaccay and mega Bambas.

Mining and hydrocarbons are those with greater financial strength, according to the Survey on Macroeconomic Expectations November by the Central Reserve Bank (BCR).

“It remains the financial health of most companies surveyed, especially in the last month the index registered 57 points, one point increase from the level reached last month,” he said.

Most of the companies surveyed reported no problems with access to credit, including a higher proportion of companies consider it very good, he said.

The index of current business situation was kept on the stretch where the prevailing situation favorable responses for the fifth consecutive month.

Among the companies with better business sectors include mining and hydrocarbons, electricity, water and gas.

In regard to the number of staff employed by the company for the next three to four months, the index stood for the fifth consecutive month in the section where the prevailing expectations of increasing staff.

He said the sectors that registered the highest hiring expectations include construction and services, he said.

In November, the index number of orders continued to rise, reaching 57 points, reflecting the fact that companies are getting more purchase orders.

He noted that among the sectors that recorded increases in purchase orders include the mining and hydrocarbons, and manufacturing.

Referring to the upcoming holiday season, more than 60 percent of manufacturing companies and trade expects it to be similar to last year.

The Centers of Export, Transformation, Industry, Marketing and Services (Cecropia) is engaged in the manufacture of goods for the mining fields would be used in southern rather than engage in rudders change to second-hand imported cars.

He said that this way you can create a cluster mechanical metal mining in southern Peru.

“We’re wasting time changing rudders instead of devoting here to have a plant that is able to provide the required mining,” he said.

The Minister of Production said that in the south of the country are mining sites in the country that require equipment to the extractive sector.

“They will require machinery such as tractors and spending time in transforming labor used car that is all they do generate pollution and accidents can perform these activities,” he said.

He recalled that in Chile and there is a whole industry dedicated to producing capital goods for mining which, even exports its products to Peru.

On the other hand, reported that the sector has made ​​a campaign of law MSEs in various districts of the capital.

Announced that it will be coming to the provinces to enhance the promotion and formalization of businesses.

Antamina has invested over 1,000 million soles in sustainable development in Ancash. Compania Minera Antamina SA completed ten years of beginning operations on a commercial scale. This major Peruvian mining complex, one of the five largest in the world and considered a world class mining operation, is recognized for its important contribution to national development and of the Ancash region.

The Antamina mine wait long to be exploited and after a successful exploration program and the award was determined to perform the hitherto largest mining investment in Peru’s history, worth U.S. $ 2.520 million.

The project began test operations in the May 28, 2001, trade volume reaching the 1 October of that year, when considered as a milestone for the company. To date Antamina has invested approximately 12 billion soles in capital goods, among which the concentrator plant, one of the most automated in the world and has the capacity to process up to eight different types of ore.

During the first ten years Antamina has contributed to the Peruvian State with about 13 billion Suns, by way of taxation, mining royalties and voluntary contributions. Note that this amount, 1,000 million soles correspond to different sustainable development initiatives Antamina Mining Fund, the Association plans Ancash and Community Relations of the CIA.

In late 2011, the company will start operations of a new grinding and flotation circuit to increase by 38% the capacity of mineral processing. As is known, Antamina produces about a million and a half tons of copper and zinc concentrates and currently ranks first as Peruvian producer of this important mineral.

Antamina is a Peruvian company whose shareholders are BHP Billiton (33.75%), Xstrata (33.75%), Teck (22.5%) and Mistubishi Corporation (10%). The mine is located at 4.300 m.s.n.m. in the district of San Marcos, Huari province of Ancash and the region.

In Villa Yacanto, a holding company seeks to revive a quartz. Claims to have official permits.

Villa Yacanto. “This project should applaud, not to question.” Gonis Diego that answer, a spokesman entrepreneur who tries to resume the operation of quartz on a hill in Villa Yacanto municipal jurisdiction in the Calamuchita Valley.

The company intends that the mines of Cerro Blanco, dormant for decades, back to the farm. But the news of employer interest and provoked the immediate rejection of neighbors and local authorities, who argue that mining conspire against the clear tourist profile adopted by the area.

To have a legal tool to prevent exploitation, now manages the municipality to the Ministry of Environment of the Province, to widen the area designated as “Pampa de Achala water reserve,” which begins a few miles from this area to be considered “environmentally protected area”, and thereby limit any mining.

In defense. Gonis says the company has the permission of the Secretariats of Mining and Environment of the Province to move forward, and dismissed the information disseminated on the subject, which it considered misleading. Further anticipated that work “to reverse the strong opposition expressed by a significant sector of the community” Yacanto and area. “This is just a small non-metallic mining project, quarrying of quartz, like many in the province and never caused no risk to either people or for the water,” he said. Read the rest of this entry »