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.
South America Mining News
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.
Barrick Gold has reduced its debt load, reshuffle management and sold several assets.
The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.
Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.
The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.
Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.
Full voting results will be released on Friday.
The gold and copper miner didn’t specified where the alleged misconduct took place.
Several Canadian firms operating in Guatemala, Eritrea may have civil claims against them heard in Canada
Should the court decide the claim can be heard in Canada, it could have wider implications for Canadian mining companies operating in countries with less than sterling environmental and human rights records.
The outlook for zinc appears bullish, says Stefan Ioannou of Haywood Securities, spearheaded by mine closures, dwindling production and the dearth of replacement projects.
Chile's Codelco said that it loses about 1,500 tonnes of copper output for each day El Teniente mine remains inactive.
The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).
The Cauchari-Olaroz project, in northern Argentina, is forecast to initially produce 40,000 tonnes of lithium carbonate equivalent a year.
Decision would reduce the total investment needed to $600 million from the whooping $3 billion it was originally estimated.