CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.
South America Mining News
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.
The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.
Silver is up 40% to date, while gold has only gained about 28%.
Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.
The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.
Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.
Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.
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.