The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.
The sale would put an end to Goldman’s rocky involvement in raw-materials production.
It's estimated that the labour action generated about US$26 million in losses, forcing BHP to declare force majeure last week.
Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.
The nation signed a complex deal with Citibank to swap $1 billion in cash for about 1.4 million ounces of its gold reserves.
Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.
The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.
Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.
As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.
The company, dealing with aging mines, has been leaning on a wide range of new technologies to reduce operating costs and increase efficiencies.
Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.
The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.
La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.
Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.
The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.
It produced 77.4 million tonnes of iron ore in the period, up 4.5% from a year earlier.
Miranda Gold CEO Ken Cunningham sees 2-3 more difficult years ahead for mining investors, which gives his company more time to acquire and advance its projects with less competition.
The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.
The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.
But China’s slowdown, rising costs and falling prices may get in the way.
Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.
Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.
Among other applications, Codelco is interested in implementing worker location services and remote equipment assessments.
The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.
Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.
The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.
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