It opens up the country's deposits of iron ore estimated in 2,500 million tons. If mined, Uruguay couldbecome world’s eighth largest iron ore producer.
Latin America Mining News
BHP Billiton and Rio Tinto seem to believe the recovery has began.
Though global growth is likely to remain sluggish for a while.
The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year.
Underground rockfall to blame.
The Mutún reserve is home to 20 billion tonnes of iron ore.
"There hasn't been a review of mining safety for many years, and that needs to happen."
Inversiones Cooper Mining buys MMX.
Main reserves are located in the country's most eastern province, next to Brazil.
Ecuador’s mining chamber of commerce values the country’s total mineral wealth at $220 billion.
Major mining companies may begin to recover following wave of write-offs. Optimism for majors may benefit the juniors as well.
In July Nicaragua announced that Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration.
Despite current challenges the analysts expect significant growth in the country's mining industry.
Chile's Codelco and BHP’s Escondida mine face labour conflicts.
Copper top 10.
Shares of Toronto-based explorer is up 56% in the three weeks as investors await feasibility study and Brazilian approval.
"There's not too much suffering about it. Inhotim is a positive response to the mining."
From $5 to $4 billion.
Pacific Potash Corp. and Cowley Mining Plc.
Copper price is losing touch with huge supply growth and cost of production.
Gernot Wober, 47, had been held captive by the National Liberation Army, Colombia's second most powerful rebel group.
U3O8 and Petrominera may develop Chubut province deposits together.
Company lawyer asks Chilean court to ratify its July verdict, when it officially halted all operations in the project.
"Developing economies are now feeling the full force of the Fed’s moment of reckoning."
A few months ago, Peru’s illegal mining exports problem was worse than drug trafficking.