The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
Copper Mining News
Together with the acquisition, the Vancouver-based miner will change its name to Norra Metals Corp.
World's No. 1 copper producer says mine operating normally despite labour unrest.
The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.
Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km.
Undergraduate mining engineering program enrollment dropped 12% between 2015 and 2016.
Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.
The world’s No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.
Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.
The company also identified three new targets that it says it can make drill ready through induced polarization and geological surveys in early 2019.
The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.
Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.
Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Pan Global Resources can now drill the Escacena gold/copper/zinc prospect in the Iberian Pyrite Belt.
Miocene is in the Atacama and Antofagasta regions of Chile, where Cornerstone is targeting epithermal gold-silver and porphyry gold-copper deposits.
A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.
The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.
The Cozamin project is a polymetallic underground mine with a surface milling facility.
Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.
Experts agree that resources are the missing link in the climate debate.
Looking ahead, he continued, the company is executing three projects that will be completed before the end of 2019.
State authorities permanently shut down the Tamil Nadu plant after police fired on protesters calling for the closure of the plant in May over concerns it was polluting their air and water.
The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years