The move by the world's largest asset manager shows increasing interest in the lithium market.
Mexico Mining News
The Me'phaa Indigenous communities argue the mining act violates international treaties that Mexico had signed and ratified.
The acquisition fits with the company's strategy of investing in opportunities that have the possibility to extend the life of existing mines.
Investors in Torex Gold Resources (TSX:TXG) saw their patience rewarded on Friday with an 11.5 percent bump in the stock price.
Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.
The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.
Heightened competition between NAFTA members to export crude oil, poses serious challenges for Canada, says the agency.
McEwen Mining Regains Compliance With NYSE Listing Standards
The cut-back should help the miner lower all-in sustaining costs of production and generate free cash flow.
Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.
Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.
The strategy is to explore and build a mine in phases for the least amount of time and upfront investment dollars with subsequent investment based on continued success.
The property is located some 70 kilometres southeast of Goldcorp Inc.’s past-producing El Sauzal gold mine.
It mined 7.2 million ounces of silver last year, or about the same than in 2014, but gold output fell 4% to 60,000 ounces.
The firm is buying 60% of Road Machinery Co., S.A. de C.V, Mitsui's subsidiary in Mexico, which services Komatsu mining equipment.
China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.
The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.
Rival gangs are preying on a small community at Goldcorp's Los Filos gold mine in Mexico's Guerrero state leaving at least 26 people dead since mid-2014.
Mexican authorities say about 450 tonnes of material was released.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.
Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.
The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.
Canarc plans to use the plant starting in 2016 for processing ore from Canarc’s recently acquired, fully permitted, El Compas Mine, located 20 kilometers away from the plant by road near the southern city limits of Zacatecas and for toll milling up to 100 tonnes per day of ore from local small miners.
"We are evaluating a soil and stream sediment survey campaign to begin exploring other areas where surface samples have returned favorable assay results for all three metals."