The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline of first production by 2020.
The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.
Mining engineer Jamie Keech travels to Peru to learn about the toll milling business model that a lot of juniors are embracing.
Chile, the world’s biggest copper producing country, has warned that the global resources sector needs to pay far more attention to its environmental and social licence obligations if new projects worth billions of dollars are to get up.
The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.
The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.
The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.
The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.
The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.
The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.
Last year, the nation’s silver output reached about 3.3 million tonnes, making it the second biggest producer of the precious metal after Mexico.
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.
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