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Reuters
09-04-2025
- Business
- Reuters
Peru mining chamber sees 2025 copper production up 2-4%
SANTIAGO, April 9 (Reuters) - Peru's copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca. That would put Peru's copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Torreblanca said in an interview with Reuters, on the sidelines of the CESCO and CRU copper conferences in Chile, that the government was working to streamline the permitting process so that miners could ramp up production more quickly. Peru is the world's third-biggest producer of the red metal, after being displaced as number two by the Democratic Republic of the Congo in 2023. Torreblanca also said Peru was looking to mitigate the impact of 10% tariffs imposed by U.S. President Donald Trump, and could seek other markets besides the United States if his administration were to put a tariff on copper. "If our product or sales prices are going to be impacted, we will have to evaluate if there are other economies where we can sell our product without harming ourselves," Torreblanca added.
Zawya
02-03-2025
- Business
- Zawya
AMEA Power launches construction of a 50mw solar PV project in Ivory Coast
The US$60 million project, once completed, will be AMEA Power's first operational asset in the Ivory Coast. Bondoukou, Ivory Coast – AMEA Power, one of the fastest growing renewable energy company's in the region, announced today, the official groundbreaking of a 50MW solar photovoltaic (PV) project in Ivory Coast. The groundbreaking ceremony, which took place on 27th February 2025, was attended by H.E. Mamadou Sangafowa Coulibaly, the Minister of Mines, Oil and Energy of Ivory Coast, and David Falcon, Chief Financial Officer of AMEA Power. The Bondoukou Solar PV Plant will generate 85 GWh of clean energy annually, enough to power approximately 358,000 households, while offsetting more than 52,000 tons of CO2 emissions. The project is being implemented by AMEA Goutougo, a project company registered in Ivory Coast and fully owned by AMEA Power. The project is located in Bondoukou, in the north-eastern region of Gontougo. The US$60 million project is being financed by FMO and DEG, and will support the government's goal of increasing the share of renewable energy in its electricity mix to 45% by 2030. Hussain Al Nowais, Chairman of AMEA Power, said: 'Today, we turn vision into reality. The 50MW solar plant is a landmark achievement for Ivory Coast and a testament to AMEA Power's dedication to delivering clean energy solutions across Africa. This groundbreaking ceremony is an important symbol of partnership, we are proud to partner with the government and the people of Ivory Coast on this transformative journey.' Once commissioned, it will be AMEA Power's first operational asset in the country. The company also has an additional 50MW solar PV project in advanced development in Ivory Coast. AMEA Power is dedicated to driving socio-economic development and will work closely with local communities. Through its 'Community Investment and Development Programs', the company will launch key social initiatives focused on gender equality, education, and skills training, ensuring a lasting positive impact. About AMEA Power Headquartered in Dubai, AMEA Power is a developer, investor, owner and operator of renewable energy projects. As one of the fastest-growing renewable energy companies in the region, AMEA Power has assembled a world-class team of industry experts to deliver projects across Africa, the Middle East, and emerging Asia. With projects in 20 countries, a 6GW+ project pipeline, and 2,600MW+ in operation and under/near construction, the company is rapidly expanding its investments in wind, solar, energy storage, and green hydrogen, demonstrating its long-term commitment to the global energy transition.
