Peru - the second largest copper producer in the world
Energy and Mining Minister Ivan Merino says he wants to revise Peru's General Mining Law. Exactly which changes are pending is not yet known. The law regulating mining licenses is also to be tackled. According to Merino, Peru has a US$50 billion pipeline for mining investment. The government wants to provide a train that can transport metals from the Andes to the coast. Rag Udd, president of the BHP Group in the Americas, which has a stake in the Antamina mine in Peru, also believes that Peru has a "historic opportunity" to benefit from rising copper demand.
Because it can be assumed that the demand for copper will increase in view of the worldwide efforts to reduce CO2 emissions. And in order for Peru to make economic progress and increase its standard of living, mining is an important sector. Mining was already practiced in the times of the Incas. Gold, silver and copper are important export goods. Illegal mining is a thorn in the government's side.
Tier One Silver and Hannan Metals are companies with projects in Peru.
Hannan Metals - https://www.youtube.com/watch?v=tXqKksLoZb4 - is an exploration company with the goal of finding large copper-silver and copper-gold deposits. It is vigorously exploring the San Martin copper-gold-silver project in Peru.
Tier One Silver - https://www.youtube.com/watch?v=_GzHL8pnm58 - has five projects, including the flagship Curibaya project. Drilling has begun and the company hopes to make a world-class silver discovery.
Current company information and press releases from Hannan Metals (www.resource-capital.ch/en/companies/hannan-metals-ltd/) and Tier One Silver (www.resource-capital.ch/en/companies/tier-one-silver-inc/).
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