They refuse to move to a new town built by China’s own Chinalco.
Xstrata Copper announced Wednesday a significant increase to the mineral resource estimate at El Pachón copper and silver project in San Juan Province, Argentina.
They don’t often see eye-to-eye, but representatives of the Chilean and Peruvian governments have agreed to work together to attract declining investment to their copper mining sectors, and also increase their respective production.
Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.
London listed Xstrata (LON:XTA) started Thursday copper production at its $310 million (A$300) Mount Margaret operation in north-west Queensland, Australia.
An Argentine court ruled Wednesday in favour of suspending Famatina, a gold exploration project led by Canadian company Osisko (TSX:OSK), until a new ruling outlawing mining near glaciers is applied in the area.
Barrick Gold, the world's largest gold company, said a new ruling outlawing mining near glaciers in Argentina will not interfere with its Pascua-Lama mine, one of the world’s largest new projects targeting the precious metal.
The world's largest gold company, Barrick Gold, suffered a major setback Tuesday as the Argentine National Supreme Court reversed preliminary injunctions on glacier protection law, now back in full force for all mining companies.
An Argentinean government body that is mapping glaciers in the Central Andes has released initial results of its national glacier inventory, showing that many of the country’s mining projects sit in glacier-rich areas and may, therefore, be a threat to country’s future water supply, among other possible ill effects.
Reuters reports that German engineering group Siemens (SIEGn.DE: Quote, Profile, Research) said on Tuesday it has a contract worth 30 million euros ($47.51 million) from Xstrata Copper (XTA.L: Quote, Profile, Research) to supply mining equipment for a project in South …
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