Immersive Technologies has announced the winners of its Global Business Improvement Award 2018.
Latin America Mining News
With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.
The company is targeting the project’s Margarita Vein, where it recently drilled the project’s best intercept to date.
German auditing firm TÜV SÜD AG has appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary.
The Canadian miner plans to expand Cobre Panama, located about 120 km west of Panama City, and 20 km from the Atlantic coast, from 85 million tonnes per year to 100Mtpy beginning in 2023.
Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.
Ganfeng Lithium Co plans to spend $160m to boost its stake in an Argentina project with Lithium Americas Corp from 37.5% to 50%.
Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.
Peru is home to several "informal" mines, where miners toil at improvised mining sites that operate outside of the law.
The decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company's Vargem Grande dam in Minas Gerais state.
Test at the company's 100%-owned La India gold project in Nicaragua confirmed 95.4% gold recovery from two samples in laboratory conditions.
The union threatened strike action in mid-March.
Since early February, the Indigenous community of Nueva Fuerabamba has been blocking a national highway called Corredor Minero del Sur.
According to a securities filing on Thursday night, three board members will be independent and nine will be appointed by controlling shareholders.
Pizarro said 18 labor negotiations at Codelco's mines affected its bottom line but that productivity increases kept costs in line with industry averages.
The Vancouver-based company will make an advance payment of $7.5 million for the right to purchase 22.5% of the silver produced from El Mochito mine.
Vale SA estimates selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years.
Output increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world's five largest copper operations.
Vale posted fourth-quarter profit of $3.786 billion, compared with $771 million a year earlier.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.
It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
The refinery, the world's biggest, has been operating at half capacity since early 2018, when Hydro admitted it had made unlicensed emissions of untreated water.
The union intends to vote on a new contract proposal by Thursday and deliver their decision to management on Friday.