Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its... see more

TSX:HBM - Post Discussion

Hudbay Minerals Inc > Draft decree allows miners in Peru
View:
Post by Cuisdafuture on Mar 31, 2024 7:17pm

Draft decree allows miners in Peru

Draft decree allows miners in Peru to exceed daily installed capacity by 10%



The Peruvian Ministry of Energy and Mines (Minem) presented a draft Supreme Decree to allow miners to increase their daily authorized production by up to 10% without applying for new permits.
Currently, excess production can reach up to 5% of the total allowed and if miners go over that limit, they have to pay a validation fee.
The decree was presented through Ministerial Resolution No. 125-2024-MINEM/DM, which modifies Article 3 of Supreme Decree No. 030-2016-EM.
“Concession holders can produce up to an additional 10% of the authorized installed daily mineral production capacity without having to request changes to the processing limits established in the concession permit based on existing mining regulations,” the draft states. “Mining activity has been seriously affected by the global economic crisis, the slowdown in production at mine sites and the loss of production generated by social conflicts, so it is technically viable and opportune to increase installed capacity by up to 10%.”
The decree also notes that increased capacity cannot be the result of building additional infrastructure, modifications to equipment and machinery operation parameters, and process improvements, among other considerations, already detailed in existing mining regulations.
The document, however, does not mention anything related to greater water usage at mine sites resulting from increased production.
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities