The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.
South America Mining News
Newcrest expands footprint in Chile with two gold deals
The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.
Rio Tinto's partner in Aussie copper project reports 'weak mineralization'
Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.
Anglo ending 2018 on high note, predicts higher output, lower costs
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Miners operating in Colombia accused of forcing people off their land
According to Forjando Futuros foundation, the forced displacement was ordered by the companies but executed by either the National Army or the guerrilla.
Altamira expands land position in Brazil
The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.
Brazil launches new mining agency days before Temer steps down
Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.
Miramont gets green light to start drilling at Peruvian project
The Vancouver-based miner anticipates drilling to begin early in the New Year.
Codelco strikes contract deal with workers at Ministro Hales mine
The 36-month contract was approved by 53% of the union.
Peru’s gold, silver, copper output falls
On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.
Navy admiral named Brazil’s Minister of Mines and Energy
Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.
Moody’s sees weak lithium prices in 2020 due to projects frenzy
Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.
Aurania discovers high grade silver-zinc-lead at Ecuador gold project
By market close on Friday, Aurania Resources' stock was up 6%.
Chile to lease inactive licenses held by top miners to juniors
Move allows major companies to lease to juniors all or part of assets they are not actively developing.
Strike briefly shuts down operations at BHP’s Spence mine in Chile
Move followed the dismissal of 49 workers and eight supervisors, union President Ronald Salcedo said.
Anglo American to increase copper production in Chile
The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.
Edmonton miner optimistic about Peruvian copper-gold project
The Chapitos project is located in the Peruvian Iron Oxide Copper Gold belt.
Altiplano gets creative amid low copper prices
Lower-grade shoulders are being left on the walls and only the higher-grade portions are being extracted.
Vale told to pay $26.8m in damages to indigenous tribes
The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.
Yamana will continue to invest in Argentina: exec
Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the previous $9 million.
Zinc One receives positive results from Peruvian project
Results are from the Bongará Zinc Mine located in north-central Peru.
Antofagasta approves $1.3B expansion of Los Pelambres mine
The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.
Xiana pays Glencore $25 million for Chilean operation
The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.
Worker strike forces IAMGOLD to suspend operations at Suriname mine
The miner said the strike is a breach of the Collective Labour Agreement.
Brazil dismantles illegal mines in the Amazon
The unregulated operations were installed in Jamanxim and Río Novo National Parks.
