BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of expectations according to analysts.
Latin America Mining News
Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.
The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.
When it came to analyzing named executive officers in mining firms, only 8% were women.
Americas Market Intelligence says companies need to do their due diligence.
With the post-election honeymoon just about over, 2019 is the year Pinera must deliver.
The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.
Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.
The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
World's No. 1 copper producer says mine operating normally despite labour unrest.
The Toronto-based miner needed to complete a change of land use payment.
The Coscuez mine has produced some of the best emeralds from Colombia’s Muzo region for more than 300 years.
Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.
The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.
Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.
The world’s No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.
The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.
Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Miocene is in the Atacama and Antofagasta regions of Chile, where Cornerstone is targeting epithermal gold-silver and porphyry gold-copper deposits.
The Cozamin project is a polymetallic underground mine with a surface milling facility.
The Vancouver-based miner has to spend $8 million in qualifying expenditures and complete a preliminary economic assessment.
Peruvian Cerro Lindo mine experiences up to 200% increase in mill liner lifetime with Metso Poly-Met solution
Cerro Lindo is an underground copper mine with an average daily production of 20,000 tons. The mine is located in central Peru, 175 kilometers southeast of the capital city of Lima, and operated by Nexa Resources.