The funds will come from the company’s own 2014 profits, as the state-owned miner gives its profits to Chile's government.
The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.
Top picks were Pilot Gold (PLG:TSX), Mirasol Resources (MRZ:TSXV), and Reservoir Minerals (RMC:TSXV)
The country bans child labour in mines, but critics say the government has not done enough to stop illegal operations from exploiting minors.
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.
About 200 jobs.
Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory.
Explorers and miners are facing relentless headwinds. Progress is not easy. But despite it all, there are companies out there making headway against the tide.
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
While details remain unknown, it is believed the fix would be launched via the Shanghai Gold Exchange, the world's biggest physical bullion exchange.
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.
Even among staunch sound money advocates, the historic role of silver as money is often marginalized or ignored altogether.
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 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.
Seabridge's KSM project in BC, world's largest undeveloped gold deposit, comes under attack from non-profit founded by Sierra Club chairman.
X2 Resources still in race for Anglo's mines but "couldn't make the numbers work" for Barrick's Zaldivar with seven firms outbidding the $5 billion fund.
Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.
It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.
The news came on the same day Royal Bank of Canada downgraded Goldcorp’s stock to “sector perform” from “outperform,” citing concerns over the miner’s ability to continue paying its monthly dividend.
Together these giant gold operations produce more than 10 million ounces per year.
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