Family-controlled Antofagasta is surprise buyer of Chile copper mine.
The proposed open-pit surface and underground spodumene mine will produce lithium, highly used in the manufacturing of batteries for cell phones and electric cars.
Southern Silver has granted shareholder Electrum Group the right to earn an indirect 60% interest in the Cerro Las Minitas property in Durango, Mexico
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.
This is the second time this year that the London-listed miner slashes its annual copper production guidance.
Things took a turn for the worse Friday, when a worker was shot dead by police near the company's smaller Salvador mine in northern Chile.
"Combined company with production of well over 20 million silver equivalent ounces per year"
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
World's second largest gold miner ups 2015 production to 5.2m–5.5m ounces after second quarter earnings jump 30% and costs fall 14%.
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
According to the Chilean Copper Commission (Cochilco) it would happen due to lack of appropriate technology.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
Canadian mine takes top honours but Russia and USA dominate the rankings.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.
It would be the first time since 2009 that Anglo has to cut dividends.
90,000 ounces per year project will start as an open-pit mine.
Barrick Gold Corp. is considering raising funds from its key gold mine in the Dominican Republic, according to people familiar with the matter, as the world’s largest gold producer races to pay down its debt.
Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.
Though very few talk about it, Codelco is still suffering the consequences of a deal it signed with China's Minmetals back in 2006.
Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.
The human rights committee is currently meeting in Geneva, Switzerland, ahead of finalizing its report and is hearing from Canadian non-government groups, including Amnesty, and from the federal government.
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