The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.
The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.
Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.
Loan will help the miner improve its railway network and build a new mining and processing unit in Para state
Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.
The Vancouver-based miner's shares surge after its silver and gold properties in Mexico and Peru up production more than 50%.
The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.
The miner became the latest corporation to sue the nation over the way it has treated foreign companies during Hugo Chavez administration.
Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.
BHP is losing big money on its push for a coking coal spot market.
The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.
Bolivian President Evo Morales and leaders of the National Federation of Mining Cooperatives have formed a commission to quickly redraft at least three controversial articles of the recently-approved ruling.
The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.
Construction of the Maracas Vanadium Project is now 99.8% complete, with only the installation of auxiliary items still underway.
The criminal activity involved contractors and it had been going on since 2011.
Pure silver production increased 26% to 1.89 million ounces, while gold output rose 23% to 18,519 ounces.
Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.
They believe those funds should be allocated to the regions where mining operations are based.
The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.
The world’s No.1 copper producer said the recently found deposits are all located nearby current operations.
Only last year Chinese overseas investment totalled $61.6 billion by the end of September.
Colombia outpaces investment in all of Latin America.
Amid mounting criticism on the a proposed reform to the country’s foreign-investment law that removes a mining-friendly clause.
Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.
The aftershock was the strongest of several that have followed Tuesday's massive 8.2-magnitude. Mining operations remain unaffected.
Gold giant was unable to negotiate the renewal of an occupancy agreement with a group of landowners.
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