The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.
Zinc Mining News
The U.S.-led trade war fans concern that the showdown will derail otherwise-strong economic growth in the world’s two largest economies.
About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.
Chinese manufacturing gauge drops to 14-month low.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed due to a workers strike.
Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.
Teck Resources Ltd said on Tuesday that lead smelting had resumed at its Trail, British Columbia, facility after a seven-day suspension because of wildfires.
The provincial authority issued a statement after learning that the reopening of the mine will create 3,600 jobs.
No timeline for resumption of operations.
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.
Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp.
Upon knowledge of the accident all underground operations were suspended and authorities were notified.
Protectionism could limit future growth.
Westminster Resources to buy a land package in the Ronge district of Saskatchewan.
Pan Global’s subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project.
The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.