Shanghai copper, in turn, went down beyond its 5% daily limit on Monday, hitting its lowest in more than four years.
Aurora Williams, Chile’s new mining minister, takes office on Tuesday.
Great Panther Silver reported a death in recent clash between illegal miners and guards.
In massive raid at one of the country’s main ports.
Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion
Far from being good news, the resolution orders Chile's environmental watchdog to charge Barrick for each and every of the 22 violations found in the project, instead of grouping them into five categories as it did the first time.
Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
Newfoundland & Labrador-based junior strikes 324m grading 1.07% copper and 1.16 g/t gold, including 50m at 1.80% copper and 2.26 g/t gold at Cascabel project .
Number one iron ore producer, Vale says first of its giant carriers will dock at its new Malaysian transshipment hub next month.
France resurrects its 17th century economic policy, sets up state miner to explore for rare earths and gold focusing on francophone Africa and South America.
Another blow to number one iron ore producer Vale's strategy to change dynamics of 1.2 billion tonne seaborne trade.
The copper giant is having a rough start of the year with sinking copper prices, lack of cash and escalating costs.
"We are not happy," said CEO Mark Cutifani.
Net loss for the entire year climbed up to a monster $10.37 billion.
Coal shipments now account for 12% of the country's total exports, second to oil, and on top of the nation’s better known exports, such as coffee and bananas.
Peruvian copper projects are solid, competitive and less costly in terms of energy needs, says the expert.
While the junior sector keeps attracting foreign investment, about $40 billion large-scale projects have been put on ice or postponed, study reveals.
Last year alone there were 149 conflicts involving mines in the country.
But it also recommends an exhaustive review of the permit issued in 2006, as well as the miner’s glacier monitoring plan.
Recently approved law allows large-scale mining, but locals oppose the project and demand plebiscite to settle the issue.
Sector blames delays in environmental approvals and decreased demand of commodities from overseas.
The company needs a cash injection to counter declining ore grades at its aging mines, as well as increasing costs vs low copper prices.
More than 55% of last year's exploration projects were located in these countries.
Contract security guard was freed early Friday.
It’d be the first time Chile’s copper output exceeds the 6 million tonnes.
Film company is in Chile to recruit about 1,000 background actors and extras needed to replicate Camp Hope in the Atacama Desert.
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