World number two gold miner Newmont takes 20% stake and private equity giant Red Kite 5% in Toronto junior.
Latin America Mining News
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.
The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.
The country has taken a page out of the diamond industry’s books by calling for international regulations aimed at cutting the amount of illegally-mined gold entering mainstream markets.
The Vancouver-based miner has inked a deal to acquire 100% of the Yellowknife Gold Project and nearby Big Sky Property, both located in the Northwest Territories, Canada.
Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.
Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.
Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.
Antioquia has been the heartland of the Colombian gold trade since colonial times, when Spanish conquerors came in search of the mythical El Dorado.
A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
Jaguars in eight countries have Vancouver mining magnate Ross Beaty and his family to thank for helping preserve habitat corridors.
Mid-tier gold producer B2Gold (TSX:BTO) has had an excellent start to the year, producing more gold at lower costs than expected from its four mines in the Phillippines, Namibia and Nicaragua.
The National Mining Association (NMA) today recognized Newmont Mining Corporation for receiving independent certification under its CORESafety® system.
It produced 5.7 million ounces of silver from Escobal, the third largest silver mine in the world – a 17% increase from the previous quarter.
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.
The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.
$2 billion La Colosa project boasts reserves of over 25m ounces of gold.
MineWare has extended its presence into South America, landing the global mining technology leader its first two Argus system sales with its partner Haultrax Chile—a global mining consultancy in automation, productivity and technology.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.