The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.
Toronto-based explorer Continental Gold is stepping closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia , with at least one analyst cheering on the progress.
The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.
Just weeks before the country hosts U.N.-sponsored climate talks.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
And if the Chinese government stops adding to its strategic reserves the price could fall towards $2.50 a pound says new research report.
Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.
Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.
The world's largest iron ore producer said the new division head will focus on increasing efficiencies.
A top corporate strategist.
Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.
Chinese steel mills restart production but ore demand remains modest.
German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.
The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.
Finishing the project would take time and around $4 billion more of what Barrick has already invested.
The world’s biggest copper producer will, in turn, procure goods and services from Canadian companies.
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.
Transaction is worth around $15 million.
Friday’s rally was just a brief break for the precious metal.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
A better positioned company capable of surviving the current low silver price environment.
The move comes as Chile's Supreme Court halted the $3.9 billion gold and copper project last month.
Another contractor died at the mine only two weeks ago.
Talks aimed at preventing a November 10 strike at Antamina copper mine, broke down this week.
African Barrick’s North Mara mine, Tanzania’s largest gold producer, has been a flashpoint of clashes between locals and security forces for many years.
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