"We conducted geotechnical research in Yanacocha and evaluated a tailings deposit within a leach pad. Introducing the Nuclear Magnetic Resonance (NMR) equipment to gather detailed information on mineral characteristics was a groundbreaking initiative, marking a first in the country."
MANAGING DIRECTOR SPANISH SPEAKING LATIN AMERICA, WEIR ESCO
"By optimizing machines for faster loading, and moving larger volumes in less time, there is a notable reduction in energy consumption during the mining process."
"In Peru, we expect to reach a cruising speed with our new contracts while consistently driving internal innovation projects to remain cost-competitive."
"Our goal is to maximize participation in mining tenders. We aim to secure new projects and diversify our client base and, in the long run, obtain an open-pit mining project."
"At San Gabriel, we reached a capex of nearly US$140 million, and for 2024 we estimate investing close to US$200 million. We expect to complete construction in 2025 and obtain the first gold bar by the end of that year."
VICE PRESIDENT SOUTH AMERICA AND USA, HUDBAY MINERALS
"In Peru, we emphasize that Constancia is not the endpoint but the starting point. We have a significant interest in the development of Maria Reyna and Caballito.."
MACIG 2025 - Mining in Africa Country Investment Guide
It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.