Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.
South America Mining News
The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.
A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.
The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.
It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.
The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.
Watchdog worried about sovereignty issues in the country’s resource sector.
With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.
Reporting to Executive Vice President and Chief Financial Officer Catherine Raw, Mr. Oh will lead Barrick's Investor Relations team, and will serve as a central point of contact for investor engagement on governance.
Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.
More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.
Eight executives will also face charges, although the police did not disclose their names.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.
The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.
Federal investigators claim Vale modified official documents detailing the chemical composition and concentration of the mineral waste spilled.
Marc Davis of BNWNews profiles Amarillo Gold, a company that is finally poised to capitalize on a resurgent gold market.
The 60-day decree affects 11 districts in the Madre de Dios region, where several studies have found high levels of the toxic element in people, rivers and fish.
The labour action follows two other one-day protests at the mine and comes as BHP mulls a $2.2 billion investment to expand the operation.
The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.
The company's shares have almost tripled this year, making it the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.
Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.