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May 24, 2022

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Peruvian protesters agree to attend talks over MMG’s shut copper mine

Reuters
Members of indigenous communities camp on the property of Chinese-owned Las Bambas copper mine, in Las Bambas, Peru April 26, 2022. REUTERS/Angela Ponce Register now for FREE unlimited access to Reuters.com Register LIMA, May 6 (Reuters) – Indigenous communities protesting the Las Bambas copper mine in Peru agreed on Friday......

Peru’s annual inflation rate hits 24-year high in April

Reuters
LIMA, May 1 (Reuters) – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy costs linked to a commodities price spike since Russia’s invasion of Ukraine. The country’s INEI statistics institute said......

Prolonged Peru mine protest ends after dispatch of soldiers

Reuters
LIMA, April 22 (Reuters) – Peru said on Friday a group of indigenous communities had lifted a protest against Southern Copper Corp’s (SCCO.N) Cuajone copper mine that had forced a suspension of production for more than 50 days. The government had declared a state of emergency in the region earlier......

Peru community plans opposition to Las Bambas mine expansion

Reuters
LIMA, March 25 (Reuters) – A Peruvian community has threatened to oppose the expansion of MMG Ltd’s (1208.HK) major Las Bambas copper mine, according to a document seen by Reuters, hinting at a new flashpoint for the project shortly after the state approved the increase in production. Located in the......

Peru PM confirms departure after four days on job; Castillo faces Cabinet reshuffle

Reuters
LIMA, Feb 5 (Reuters) – Peruvian Prime Minister Hector Valer confirmed on Saturday that he is departing just four days after being named to the post, following allegations that he beat his daughter and late wife, creating a new leadership vacuum in the Andean nation. President Pedro Castillo said on......

‘Smells like death’: Peru oil spill clear-up drags on as fishermen count cost

Reuters
LIMA, Jan 21 (Reuters) – Spanish energy firm Repsol (REP.MC) said on Friday a clear-up operation for a major oil spill on the coast near Peru’s capital Lima would take until the end of February, in an environmental incident declared a ‘catastrophe’ by the government. Dead seals, fish and birds......

Two people drowned by abnormally high waves in Peru after Tonga volcano

Reuters
LIMA, Jan 16 (Reuters) – Two people drowned off a beach in northern Peru, the local civil defense authority reported on Sunday, after unusually high waves were recorded in several coastal areas following Saturday’s eruption of an underwater volcano in Tonga in the Pacific Ocean. The death of two people......

Peru urges vaccine sellers to extend expiration dates to cut risk of losses

Reuters
A healthcare worker administers a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine to a woman during an initiative to vaccinate people over 12 years old, in Lima, Peru December 6, 2021. REUTERS/Sebastian Castaneda/File Photo Register now for FREE unlimited access to Reuters.com Register LIMA, Jan 15 (Reuters) – Peru’s......

Brazil’s real jumps above 2%, Colombia’s peso drops to near 21-month lows

Reuters
Dec 30 (Reuters) – Brazil’s real jumped 2.2% on its last day of trade for the year on Thursday leading an index of Latin American currencies to above one-month highs, while Colombia’s peso dropped amid expectations of soaring inflation. The real is set to gain around 0.8% this month, but......

Mexican peso leads Latam FX higher, gains for fourth straight week

Reuters
Dec 24 (Reuters) – Most Latin American stocks and currencies inched higher in thin pre-Christmas trading with the Mexican peso leading gains to a five-week high, while Chile’s peso fell tracking weak copper prices. Mexico’s peso rose 0.2% and was set to gain for the fourth consecutive week. Currency of......

Brazil’s real, Chilean peso firm above 1%, though investors weigh Omicron risks

Reuters
Brazil lawmakers approve 2022 budget Bovespa slips as Vale weighs Argentine stocks up amid IMF payment report Dec 22 (Reuters) – Most Latin American currencies firmed against a weaker dollar on Wednesday with Brazil’s real and Chilean peso gaining above 1%, while investors assessed economic risks from the fast-spreading Omicron......

MMG’s Las Bambas mine ups offer to Peruvian community in bid to avoid production shutdown

Reuters
LIMA, Dec 11 (Reuters) – MMG Ltd’s (1208.HK) Las Bambas copper mine has increased its offer of jobs and investment to a Peruvian province blockading a road used to transport the red metal in a bid to stave off a production shutdown next week, meeting minutes seen by Reuters show.......

Most Latam currencies slip; rate hike prospects lift Brazil’s real

Reuters
Mexican economy shrinks more than expected Brazil’s inflation hits highest in almost 20 years Turkish lira up 0.6%; central bank, banks discuss rates Hungary’s forint pulls away from all-time lows Nov 25 (Reuters) – Latin American currencies lagged emerging market peers on Thursday, with Mexico’s peso hit by shrinking economic......

COVID-19 has declined across the Americas, regional health agency says

Reuters
A woman receives a dose of Pfizer/BioNTech coronavirus disease (COVID-19) vaccine during a vaccination campaign inside the University of Santiago, Chile June 30, 2021. REUTERS/Ivan Alvarado BRASILIA, Nov 3 (Reuters) – COVID-19 deaths and infections have declined across the Americas for the 8th consecutive week, the Pan American Health Organization......

Gold miner Newmont cuts output target on pandemic hit, operational snags

Reuters
Visitors speak with a representative at the Newmont Corp booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 1, 2020. REUTERS/Chris Helgren Oct 28 (Reuters) – Newmont Corp (NEM.N), the world’s top gold producer, cut its annual production target by 500,000 ounces......

UK aims to conclude Pacific trade group talks next year – FT

Reuters
British trade minister Liz Truss speaks to Reuters after signing a free trade agreement with Singapore, in Singapore December 10, 2020. REUTERS/Pedja Stanisic Aug 28 (Reuters) – Britain aims to conclude negotiations to join the trans-Pacific trade group by the end of 2022, the Financial Times reported on Saturday, citing......

Peru’s Congress confirms new leftist Cabinet

Reuters
Peru’s President Pedro Castillo walks out the Congress after his swearing-in ceremony, in Lima, Peru July 28, 2021. REUTERS/Angela Ponce/File Photo LIMA, Aug 27 (Reuters) – Peruvian lawmakers on Friday confirmed a new leftist Cabinet nominated by President Pedro Castillo, giving the fledging administration some respite after a contentious first......

Fledgling Peru govt seeks “new deal” with miners – minister

Reuters
Demonstrators block a road access to a copper mine during a protest in Fuerabamba, Apurimac, Peru March 29, 2019. REUTERS/Mitra Taj BUENOS AIRES, July 31 (Reuters) – Peru will seek “a new deal” with its all-important mining sector by providing incentives for projects with “social profitability” in the world’s No.......

Peru’s Castillo names moderate leftist as finance minister in olive branch to markets

Reuters
Peru’s President Pedro Castillo walks out the Congress after his swearing-in ceremony, in Lima, Peru July 28, 2021. REUTERS/Angela Ponce/File Photo LIMA, July 30 (Reuters) – Peru’s Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president......

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