Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Vancouver Mining News
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.
Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.
Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.
Company expects to lose about 200,000 tonnes in steelmaking coal output.
Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.
Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.
The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.
President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.
Canada's largest energy producer also buys into Norwegian Sea oil project.
Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.
Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.
The new unit, under Mongolian leadership, will focus on exploration and local ties.
Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.
Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.
Meet Globe 24-7 at one of the world’s premier technical mineral exploration conferences, AME’s Mineral Exploration Roundup 2018 will take place in beautiful Vancouver, BC.
Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.
Results of a preliminary economic assessment have revealed the potential for the development of an underground mine at the company's mine in Botswana.
People living close to the large open pit mine in Quebec’s Abitibi region, want to be compensated for damages related to dust, noise and explosions they claim to have been exposed to for many years.
CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.
Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.
Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.
The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.