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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.

(FNM) According to statistics released recently by the Ministry of Information Industry and China, the country surpassed South Korea in 2010, in terms of capacity building and portfolio of orders for new ships.

Statistics show that between January and December 2010, Chinese shipyards completed construction of 65.6 million deadweight tons, a figure which represents an increase of 54.6% over the previous year. They also received construction orders for more than 75 million deadweight tons, almost three times the value obtained a year earlier.

Chinese analysts linked to the shipbuilding industry, attributed the rapid growth of activity in recent years, increasing domestic demand associated with growth capacity of the economy.

Chinese plants are mainly shipbuilding Located in the eastern provinces of Kiangs, the most important in relation to activity, “Shanghai, Hewing, and Shandong, and in Guangdong, located south of the country.

The mining royalty revenue in 2010 will grow by 38% compared to the captured in 2009, according to the latest estimate of the Project Control the Production and Export of Minerals of the Government of Oruro, 13 days of completion of this management .

The head of Project Control, Wilfredo Willca said that by December the department will collect 122,765,479 million Bolivians, in relation to 2009 when it raised 88,789,934 bolivianos, a product of the crisis on prices of minerals.

But in relation to mining revenue in 2008, royalties are 11% less, to the acquisition of 138,966,841 bolivianos, in the period which saw a similar boom in the prices of precious and base metals.

At the same trend, said Willca is expected to close this administration, with $ 104,414,821 for the Government of Bolivia, against 75.471.44 Bolivians captured in 2009.

For municipalities producers, this year’s perception of mining royalties will be 18,414,821 bolivianos, unlike last year they received 13,318,490 bolivianos.

The authority said that with these numbers is ratified by other management, the engine of the economy department, focuses on mining, which was benefited by the rise in the prices of minerals. Read the rest of this entry »