The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.
Argentina Mining News
Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.
U3O8 Corp., a Canadian-based company focused on the development of deposits of uranium and associated commodities, reports on significant developments in nuclear energy in the South American country.
There are fresh opportunitis to explore for new lithium resources in the rich Latin American footprint, says Latin Resources Managing Director, Chris Gale.
Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.
Barrick Gold has reduced its debt load, reshuffle management and sold several assets.
The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.
The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.
Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.
The Cauchari-Olaroz project, in northern Argentina, is forecast to initially produce 40,000 tonnes of lithium carbonate equivalent a year.
Three spills between 2011–2012 were contained by control systems at Barrick Gold's Veladero mine and did not pose any environmental risks.
Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.
Court fines top gold producer 145m pesos over September cyanide spill at its Veladero mine in San Juan province.
A large and high-grade lithium brine lake and associated salar with low contaminants has recently been discovered in Argentina.
Analysts believe that Barrick’s partner in Papua New Guinea, Zijin Mining Group, could be the one to help turn Pascua-Lama into a success.
Serial entrepreneur Paul Matysek got involved with the Lindero gold project in Argentina on Nov. 1, 2012. “People are now thinking that Argentina may become the darling of South America,” Matysek said.
President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.
The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.
Chile's Invierno coal mine is, by far, the southernmost mine on the planet.
Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.
The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.
The miner is seeking strategic alliances with battery or car manufacturers to underpin the development of its Jadar lithium-borate project in Serbia.
President-elect Mauricio Macri will lift the clamp-down on dollar purchases by out-going president Cristina Fernandez, as early as December 14.
Argentina last week voted in a new pro-business President, Mauricio Macri.
Samples "showed no deviation from measurements taken in June 2015".