Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20
Latin America Mining News
A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile.
The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."
Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.
The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Increase won't enough to push price above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday.
Up more than 3% after quake near the city of Calama in main copper producing region of the South American country.
Lawsuit was filed last year after the miner halted payments due to a local group.
Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.
The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
Polymetallic Penasquito mine produced one million gold equivalent ounces in 2016.
Marmato underground gold mine is expected to have a minimum 12-year productive life, generating over 1.5 million ounces of the precious metal during that time.
Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.
The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.
A global energy transition is underway, with lithium-ion as one of the leading energy storage technologies for both handheld technology and electric cars.
Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.
Staff sitting hundreds of km away oversaw successful pilot run.
As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.
The contract includes 8,000 hectares of federal lands in the northern region of Antofagasta, and will require an investment of nearly $1 billion.
Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.
Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.
It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.
Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.
Copper rose on Tuesday, snapping four straight days of losses as a rally in oil prices to more than two-year highs boosted commodities more broadly, and on longer-term expectations that demand will grow and supply remain constrained.
Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.