Phoenix-based copper giant want to to sell its Candelaria copper-gold mine to Canada's Lundin Mining.
Pre-tax profit dropped 27% in the first half to $1.3 billion.
The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.
Iron ore is down 34% this year over China fears, soft demand and surging supply. The copper market is equally exposed, but has so far defied fundamentals.
Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.
More cuts may be on the way.
Chinese backers are now behind one-third of all Peru’s new mining investments by value.
There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.
Capital raising for exploration up more than 32%.
Michael Fowler, senior mining analyst with Toronto-based Loewen, Ondaatje & McCutcheon, says majors need development-stage companies with high-grade, near-term production assets
Gold assets among favourites.
The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.
The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.
Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.
Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.
Authorities said Grupo Mexico lied about a spill of 40,000 cubic meters of acids and heavy metals that contaminated two rivers and a dam in the northern state of Sonora.
Shares in the company fell by almost 8% on the news, hitting an all-time low.
The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.
"I am really pleased that First Quantum has successfully acquired our Taca Taca deposit."
The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.
Speculation is of a new Perth-based company with current CFO Graham Kerr at the helm housing non-core assets including Australian lead-silver mine.
Central banker says mining and energy boom has passed.
Massive migration of engineering and design data of Braskem’s 12 petrochemical units to AVEVA PDMS will guarantee data continuity, maintenance and new projects
He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.
Grupo Mexico has denied reports claiming it did not immediately report a massive acid spill from its Buenavista mine in the country's north.
Output at the company's mines reached a record 3,855,223 silver equiv. oz., up 6% from the previous quarter.
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