This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.
South America Mining News
The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.
Lake Resources and Lilac Solutions claim they can produce lithium carbonate or lithium chloride more rapidly and at a lower cost than others.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.
Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.
Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.
The project was operated by Canada’s Infinito Gold up to 2013.
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.
Environmentalists say that glaciers close to mining sites could melt more rapidly.
The workers were killed in a gold mine in the southern Bolívar state.
The company said five holes had been dug on top of a pipeline carrying a solution of gold and cyanide.
South Korea, Brazil and Argentina will benefit from the measure.
"It is not just China."
The gold is meant as a more stable way for Venezuelans to hold their diminishing funds as inflation in the socialist nation runs at over 100,000 percent.
PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.
More than 80 unionized workers of the Plantas de Andina union went on strike a week ago.
Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.
The provincial Secretary of Mines said that eight people have died in similar conditions this year.
Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty.
Playbook follows success in the iodine market
Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine.