Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.
Latin America Mining News
The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.
The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
Workers at Zaldivar are set to vote on a strike this week, while supervisors at Centinela mine have already decided it, but expect a government mediation mechanism to extend negotiations for at least five more days.
It also said that a Brazilian court had granted it and its partner Vale a four-month extension to negotiate a settlement to a $47 billion claim stemming from the 2015 mine disaster.
Escondida, majority owned and operated by BHP, produced 97,103 tonnes of copper between January and March, down from 265,597 tonnes a year earlier.
The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.
Physical markets, not just futures speculation behind the latest rally
After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.
Jandaga Mines is taking advantage of investors' concerns over buying into South African platinum businesses.
It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.
Mining companies operating in Chile are examining restarting projects that were put on hold in recent years due to a copper price slump, the mining minister and industry executives said, though final investment decisions will wait until political uncertainty lifts after the November presidential elections.
Shareholders of Brazil's Vale SA approved a share conversion plan on Tuesday in a move that should boost transparency, give equal votes to all shares and limit government meddling in the world's No. 1 iron ore producer.
China bulls kick iron ore price 6.5% higher.
Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.
Global environmentalist Yolanda Kakabadse to Chair IUCN independent scientific panel on Brazil’s Rio Doce watershed
IUCN former President, globally recognised environmentalist Yolanda Kakabadse, will Chair the new IUCN independent scientific and technical advisory panel on the restoration of the Rio Doce watershed in Brazil, following the 2015 collapse of the Fundão tailings dam at the Samarco iron ore mine.
The junior miner claims the Department of Antioquia's mining authority did not process its exploration application in accordance with the country’s mining code.
Fiscal for two missing miners in Chile expects to learn the truth of what happened in Mandalay’s mine
One of the authorities involved in an investigation into Mandalay's mine accident earlier this month says at this point what matters is to learn the truth of what really happened.
Thirteen coal miners have died in Colombia after an explosion at an illegal coal mine on Friday.
Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.
Chances of finding the missing workers alive are almost nil, they say.
Today, Chile is the world's top copper producer with 7 of the 14 biggest mines globally. But it wasn't always that way.
Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.