Ecometals Limited announced after the market close on Friday that is has been forced to give Ecuador Capital Corporation more time to come up with a final payment of $1,750,000 for its Condor Gold Project in Ecuador.
Latin America Mining News
White Tiger Gold (TSX:WTG) is worth only one-tenth of what it was last year and news out late on Friday will do little to restore investor confidence in the Canada-Russia gold miner.
Galaxy has spent the last 18 months searching the world for a high quality, undeveloped lithium brine deposit and we believe Lithium One's Sal de Vida lithium-potash project in Argentina fits that criterion. The Sal de Vida brine chemistry is highly favourable, with high levels of lithium and potash and low levels of magnesium and sulphate impurities.
Uranium Energy Corp ("UEC" or the "Company") (nyse-amex:UEC) and CUE Resources Ltd. ("CUE")CA:CUE 0.00% are pleased to announce that UEC's acquisition of CUE by way of a plan of arrangement (the "Transaction") has closed, effective at 12:01 am on March 30, 2012.
ABB, a power and automation technology group was recently contracted to supply gearless mill drives (GMDs) for six ball mills and twin-drive systems for eight high pressure grinding rolls (HPGRs) at Cerro Verde copper mine in Peru.
Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.
At the end of February 2012, construction was 37.2 percent complete with 2,362 people working on the project. We have completed more than 5.8 million cubic meters of earthworks and poured 39,839 cubic metres of concrete. We have commenced erection of structural steel. Marine terminal construction is also on track, with 67 of 180 piles driven to final acceptance.
Thousands of indigenous farmers protest in Guatemala City against mining and hydroelectric projects close to their villages. This is the first march of aboriginals during the government of Otto Perez, who assumed on January 14, for a period of four years.
The two largest gold companies are bracing for a Canadian court's decision on who owns the massive El Morro copper-gold deposit in Chile.
A Canadian company operating a silver mine in Mexico says it is not in any way linked to the recent murder of an anti-mining activist as alleged by human rights activists.
Lumina copper hits its longest copper-gold-moly intercept to date and, more importantly, it sees significant mineralization in wide step-out drilling.
Geologix Explorations Inc.: New Tepal Resource Estimate Increases Measured & Indicated Tonnes by 324%
Geologix Explorations Inc. ("Geologix", the "Company") (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) is pleased to announce an updated resource estimate for its Tepal Project in Michoacán State, Mexico which incorporates the results from drilling 41,247.5 metres ("m") at the North, South, and Tizate zones during 2011.
La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent
Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."
The tax burden for companies taking part in bidding processes for special lithium contracts in Chile will represent 50% of their profits, deputy mining minister Pablo Wagner told BNamericas.
Knight Piésold Consulting, an international engineering and environmental consulting company, is pleased to announce the appointment of Mr. Andrew Markle as Regional Manager of Knight Piésold Consultores S.A.S., Knight Piésold’s operations in Colombia.
A legal clash between Brazilian mining giant Vale (NYX:VALE) and Australia's Aquila Resources (ASX: AQA) has taken a step towards resolution this morning after the companies announced they’ve reached an agreement on coal shipments from their co-owned Isaac Plains mine in Queensland.
The country's leading copper miners, Codelco and Anglo American, say operations are normal and there was no serious damage after the 7.1 magnitude earthquake that hit central Chile on Sunday.
As oil prices continue to rise, and nations around the world look for ways to weather an energy crisis, Chile is turning to one of its own best renewable resources – solar energy – to supply much needed power.
In its annual ranking of countries in terms of political risks for mining investment, the mineral industry advisory firm Behre Dolbear, has ranked Australia, Canada, Chile, Brazil and Mexico as the top five nations in which to locate mining projects.
Australian miners are setting up in remote outback areas in a land enjoying a resources boom - Chile.
Chinese investors are turning their focus to emerging economies as they look to expand their demand for commodities and switching away from Australia and Canada, which are getting too expensive.
The Herald Sun has an interesting feature piece on Chinalco Yunnan Copper Resources, an Australian company with Chinese backing that is partnering with Rio Tinto on three early-stage exploration projects in Chile.
Mediaworks reports hundreds of indigenous people in Ecuador opposed to planned mining projects are marching towards the country's capital of Quito.
Global mining firms say energy vulnerability is a risk they worry about in one of the last relatively unexplored countries, which is thought to still have big undiscovered deposits even after centuries of mining.
BBC News reports on new technology used for mining copper in Chile. Biosigma, a joint venture between Codelco and Nippon Metals and Mining, is experimenting with microbes that break down copper at higher recovery rates and reduce operating costs: