The mine was the third largest zinc mine in the world prior to its closure in 2016.
Zinc Mining News
Mine personnel are securing the area and working with state and federal authorities to investigate the situation.
Peru has the potential to overtake Chile to become the world’s biggest copper producer, but it’s being held back by a lack of infrastructure and a ten-fold increase in permitting in the last seven years
Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.
The illegal action saw a group of locals spend seven days blocking the only access to the mine in protest for what they call “repetitive abuse” to community members and increasing pollution of their land and only water source.
Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".
Almost 18,000 lots traded in debut day, equal to 90,000 tonnes of metal.
Integrated mining development company rolls investment dice on its first major B.C. project.
Base metals under pressure from trade tensions.
Decision comes 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.
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.