Mining Group is set to extract 5,000 tonnes of ore per month, subject to more than a few of conditions, including a monthly payment of $2,000.
Construction at the gold and silver project, is expected to start early next year, with production slated to begin in late 2015.
Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.
Peru is "working hard" to start large scale copper projects put on hold by community and environmental protests.
Mexico's notoriously violent drug barons have turned to mining to both expand and diversify their sources of revenue.
Copper production declined 0.3% in the period due to lower ore grades, harder rock and more complicated production processes.
It will pay $2.6bn by the end of the month, and an additional $7bn over the next 15 years.
Canada accounted for just over 13% of the total, the smallest share in 14 years. The DRC made it to the top 10 mining destinations for the first time.
Move comes on the heels of Rio’s decision to ditch two coal exploration licences in Queensland, Australia.
Forcing miners to use new method by the set deadline could cut coal exports at least one-third.
Colombia, the fourth largest coal exporter, has estimated reserves for at least a century, but labour issues and safety concerns are jeopardizing the sector's future.
Miner has until the end of the week to accept or reject the terms of a government’s tax amnesty proposal.
Bachelet, who won almost twice as many votes as her closest rival in yesterday's election, is the most certain candidate to win on Dec. 15.
The miner, already the world’s No. 1 cooper producer, will become one of the world’s ten largest silver producers as soon as its Ministro Hales mine begins production next year.
Batero Gold up 8% one of the most actively traded TSX-V stocks on Friday.
Had workers on strike, they would have affected the construction a the water management system, which is the main condition imposed by Chilean authorities to allow Barrick restart work at the mine.
Brazil's ruling socialist government casts aside its former "pet entrepreneur".
The $4.2 billion underground operation is expected to produce 140,000 tonnes of copper per day.
Peru’s Minister of Energy and Mines Jorge Merino expects sale to close before the 2014 deadline.
Indigenous community opposing the project to submit new lawsuit against it this month.
The Peruvian copper project, halted in 2011 after clashes between residents and police that left three dead, could began production about a year ahead of schedule.
Sale of Canaverales and Papayal open-pit mines expected to be completed by year-end.
Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.
The miner faces extra-costs caused by unusual factors, such as venomous snakes, shellfish traps and submerged fence posts by its Lake Cowal gold mine in Australia.
Pascua Lama's union to vote whether to accept Barrick's wage offer this week.
The mining giant is selling its 50.1% stake in Clermont coal mine to a company jointly owned by Glencore Xstrata and Sumitomo Corporation.
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