The funds will come from the company’s own 2014 profits, as the state-owned miner gives its profits to Chile's government.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.
Mine will produce 50,000 tonnes of copper cathode per year.
Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.
Top picks were Pilot Gold (PLG:TSX), Mirasol Resources (MRZ:TSXV), and Reservoir Minerals (RMC:TSXV)
British Columbia's energy minister said the official announcement may come "any time" now.
Production of the industrial metal jumped up 7.8% in May, when compared to April’s figures,despite dwindling ore grades in several of the country's aging copper mines.
The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.
Duplicative permitting processes can delay mining projects a decade or longer.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Copper will remain an irreplaceable component in our ever-expanding energy needs.
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
Mining conflicts are intensifying across Latin America, with 218 mining projects embroiled in conflicts with 312 communities—including six conflicts spanning national borders—from Mexico to Argentina.
The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.
The committee will be chaired by the Chief Inspector of Mines and includes an equal number of representatives nominated by First Nations, mine labour unions and industry.
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
The market for copper is equal to approximately $120 billion each year, which rivals that of even iron ore.
In-situ recovery is a new and largely untapped frontier that could improve environmental performance and change the economics of mining.
The mineral riches of the world’s ocean floor are an emerging frontier for mineral resources and innovative new mining technologies.
The Chinese firm already mines gold next door to a Phoenix deposit.
The Red Chris copper and gold mine in British Columbia has received a full operating permit from the provincial government.
The mill feed is expected to be processed for gold, silver, copper, lead and zinc.
Montan was specifically created to be in Peru because our management team has a track record of success, experience and roots there.
Bacteria, those microscopic organisms, are among the unlikely heroes for researchers and mining companies working to establish economic methods to access difficult to extract or low value ores.
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