Chile's Invierno coal mine is, by far, the southernmost mine on the planet.
Argentina Mining News
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".
He said the over 1,000 cubic metres of liquid cyanide spilled into a local river did not cause any environmental damage to justify keeping operations suspended.
Argentina’s presidential election, the first to be decided in a second and final round since the constitution was changed in the 1990s, will be key for the country’s economy, particularly its mining sector.
Local judge had initially ordered a five-day suspension of the leaching process, but has decided to extend it “as a precautionary measure."
The judge also ruled that a group of independent specialists should inspect the mine and take samples of soil, water and nearby vegetation.
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.
The El Gallo mine produced 15,243 ounces of gold in the first quarter ended March 31, prior to an armed robbery of concentrate containing 6,350 ounces last month.
Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.
The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.
As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.
Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.
The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.
The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.
The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.
Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.
Just two years ago, Galaxy Resources Ltd. was overleveraged and unfocused.
$2.3 billion charge against Cerro Negro mine in Argentina one writedown too many for battered investors.
Yamana Gold (NYSE:AUY, TSX:YRI) will start construction of its Cerro Moro gold-silver project in the southern Argentine province of Santa Cruz, the Toronto-based gold producer announced last week.