The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
South America Mining News
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.
La Escondida is 57.5% owned by BHP Billiton and 30% owned by Rio Tinto.
A moratorium in place since 2003 bans open-pit mining and the use of cyanide for metal recovery.
He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.
"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."
Is lithium the new super-mineral? Analysts seem to think so.
Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.
Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.
SolGold says BHP Billiton's offer not in its best interest.
Mining-related income now accounts for just 1.5% of government revenues, down from a peak of over 34% in 2006.
Phase two of its Radomiro Tomic sulphide project and a new level at El Teniente, are the most affected projects.
The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.
CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.
Provincial mining police found Barrick had not installed security cameras and sensors as required.
In a matter of hours, officials from the Argentinian province of San Juan will deliver a technical report that will seal the fate of Barrick Gold’s Veladero mine.
Gold producers in the area have to deal with geopolitical hassles.
Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.
The incident happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the heap leach valley slope, Barrick said.
Salvador, Codelco’s smallest operation, has been battling to turn a profit after dwindling ore grades pushed up production costs.
George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.
President Nicolas Maduro turns to mining as a way to boost one of the fastest-shrinking economies in the world.
Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.
The Colombian Congress is discussing a bill that introduces the term “ecocide” to classify the effects of illegal mining and that would set harsh penalties for those who commit such crimes.