Peru's main iron ore producer inaugurates $1.1 billion

Shougang Hierro Peru, the nation's largest iron ore producer, launched this week its $1.1 billion Marcona iron ore mine project, the nation's mining ministry said following an opening ceremony. The expansion project, initially estimated at $1.5 billion, was in line with the company's forecast of a H2 inauguration. Shougang Hierro Peru expects to expand its production from 11 …

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Iron Ore Price in Peru

Iron Ore Price in Peru (FOB) - 2022. In 2022, the average iron ore export price amounted to $109 per ton, dropping by -23% against the previous year. Over the period under review, the export price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year.

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Peru

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    McKinsey & Company suggests that mining companies could reduce their energy costs by at least 40% by adopting electric vehicles and equipment. However, 's general manager, Armando Sugobono, noted …

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  • Cuervo jumps back into action in Peru

    Iron ore explorer Cuervo Resources may be on to something big as it drills off the Bob 1 zone, one of the two large targets on its flagship Cerro Ccopane iron ore property in southern Peru. "We think Bob 1 is a big, solid anomaly, and that is what we are hoping for," Cuervo's key founder and CEO Brian Berner says during a June site visit, noting that …

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    Major Mines & Projects | Apurimac Mine

    Iron Ore; Mining Method: Truck & Shovel / Loader; Production Start... Snapshot: Strike's Apurimac Iron Ore Project in Peru is recognised as one of the highest grade, large scale magnetite projects in the world. Strike has completed two shipments (to Chinese and South American Steel Mills) of high-grade (+65% Fe) Apurimac Premium Lump DSO in ...

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    Peru

    Over the past three years, U.S. Companies sold an average of $614 million annually in mining equipment to Peru. We recommend that U.S. exporters of capital goods and potential investors …

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    Mining in Peru

    On top of these ongoing investments, Southern Copper completed its US$1.3 bil-lion expansion at its Toquepala copper unit, and Chinese miner Shougang completed the expansion of its …

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