Union at Teck Resources' Quebrada Blanca copper mine in Chile set to strike after contract talks mediated by the Chilean government failed to reach deal.
Latin America Mining News
Chilean mines will negotiate contracts with 32 unions next year, representing about three-quarters of the country’s copper output, or about one-fifth of world production.
The permits issued by Minas Gerais state, where the mine is located, allow for the construction of a waste system in a depleted mine to receive tailings.
The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.
About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.
With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.
On Thursday, Potash Corp CEO Jochen Tilk met with authorities in Chile as the company tries to divest its minority stake in lithium miner SQM.
Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.
The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.
Fabio Schvartsman also said the company would do everything to resume operations as soon as possible at the Samarco mine.
The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.
The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.
President and director Martin Vidal has left the post effective November 30.
"The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," said Chief Executive Officer Fabio Schvartsman.
After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.
“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.
The Canadian precious metals producer announced a financing plan consisting of a $10-million bought deal private placement offering of four million flow-through common shares.
The non-brokered private placement gives Barrick about 15% of Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast.
A union at Teck Resources’ Quebrada Blanca copper mine on Wednesday rejected a contract offer from the Canadian miner, increasing the likelihood of a strike.
Originally planned to raise $15M.
The country's reserves have been estimated at $60 billion for metallic and 40 billion for non-metallic resources.
Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.
Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.
The Ecuador-focused miner said it has discovered "promising" new copper prospects at the Porvenir and Timbara projects, with rock chip samples graded up to 4.27% copper.
Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.