It will pay two and a half months salary to about 4,000 workers.
Geologist Joe Mazumdar says gold prices are down in the short term, but the commodity metal is here to stay.
Unit president had only been on board since last July.
Construction on the Chilean side of the troubled gold and silver project has been halted since April 10.
The potential takeover comes only four years after Vale bought the project from Rio Tinto.
Government mandates 30 business day process between company and workers.
This case is yet another example of the exploding issues of mine and water.
Construction activities in the Argentine side of the project won't be affected by today’s resolution.
INTERACTIVE MAP: Explore active mines by company, country, and the year that the mine was acquired.
The miner must "abstain from … dismantling installations (and) removing tools, machinery and other work implements" or face heavy fines otherwise.
Tensions over Vale dropping potash project with skyrocketing costs rise.
U3O8 Corp. (TSX: UWE; OTCQX: UWEFF), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, has signed a definitive agreement to acquire all of the shares of Calypso Uranium Corp. ("Calypso").
Business representatives and politicians to meet in Buenos Aires next week.
Big investors are leaving the market and small investors hesitate to re-enter.
A 150% increase in the miner's cash dividend makes the bad news from Argentina more palatable.
Company puts out 700,400 ounces of gold with revenues of $1.4 billion in its fourth quarter.
The hefty impairment charge reflects higher-than-anticipated operating and sustaining capital costs at Lumwana.
Recent avalanches affecting several points along a water channel in the area of Barrick's Pascua Lama project have not affected water quality, says the gold miner.
Last October, Vale put the scope and schedule for its $1.26 billion Zogota iron-ore project in Simandou South under review.
Foreign and local investors spent a total of $3.8 billion in 2012 and the trend is expected to continue this year, with planned investments already amounting to more than $4 billion.
Despite the economic and political issues affecting Argentina’s stability, the miner said it "has faith" in the country's potential.
The world’s third-largest miner is set to post the lowest annual profit in three years.
Latin America will benefit from having “more firepower” than other regions, as strong international reserves are already helping those countries face commodity price collapses, said Lisa Schineller, Standard & Poor's economist.
McEwen Mining successfully achieved commercial production at El Gallo Phase 1 in Sinaloa State, Mexico.
The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?
Lithium Americas has announced it will invest ARS 3 billion (USD 816.75 million) in its Caucharí-Olaroz mining project in Argentina.
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