Hudbay Minerals expands footprint in Peru
The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.
Cecilia Jamasmie , Editor-in-Chief
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Vale closes sale of fertilizer business to Mosaic for $1.4 billion
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
Congo’s Gécamines urges Gov’t to revise 16-year-old mining code
The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.
Canadian junior plunges ahead with three cobalt projects in B.C.
Vancouver-based Cruz Cobalt is ready to kick off an airborne work program at its three B.C.-based properties amid high prices for the commodity
Gem Diamonds, Lucapa kick off 2018 with massive findings
The rival companies have unearthed three diamonds larger than 100 carats each.
Vale aims to halve debt to $10bn by 2019
The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.
Mongolian Gov’t can’t nationalize Erdenet Copper Mine — court
Erdenet, which produces 530,000 tons of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.
Chile’s Codelco hiring for underground expansion of Chuquicamata
About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.
Canada’s Desjardins not scratching pipeline loans after all
Lender is moving to a carbon-neutral state by offsetting its own greenhouse gas emissions through the purchase of carbon credits starting this year.
Massive Oyu Tolgoi mine to more than double gold production in 2018
Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
