The junior miner claims the mining authority did not process its exploration application in accordance with the country’s mining code.
Latin America Mining News
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.
Decision follows a fresh attack by hooded protesters who seized installations over the weekend.
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
The government has also said it supports introducing a new mining code, but previous attempts to introduce new legislation have been stalled for several years due to political and industry resistance.
Tragedy struck Canadian company Sherritt (TSX:S) on Tuesday, with news that a bridge collapsed, killing four workers.
Bob Moriarty of 321 Gold highlights BCGold, a company that he believes its promising land package in Peru makes it a good buy in this market.
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.
The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.
Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.
Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.
New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.
About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.
Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.
But US gold mining industry will stagnate says BMI Research in new study.
Barrick and NOVAGOLD announce the appointment of Andy Cole as General Manager of the Donlin Gold Project in Alaska
Barrick Gold Corporation (Barrick) and NOVAGOLD RESOURCES INC. (NOVAGOLD), the owners of Donlin Gold LLC, are pleased to announce the appointment of Andy Cole as General Manager of the Donlin Gold project in Alaska.
Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
Venezuela government given more time to come up with initial payment which has been halved to $300 million.
Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine.
Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.