January 17, 2012

Record breaking tunnel will open up access for iron ore to new port in Brazil

The Porto Sudeste tunnel project in Brazil features a 20.5 m wide tunnel and will accommodate four conveyor lines to become one of the widest tunnels of its type globally.

January 16, 2012

The battle of Los Azules: TNR Gold vs Minera Andes in copper showdown

Last week witnessed a tit-for-tat press release exchange between $11M market cap TNR Gold [TNR – TSX.V] and $549M market cap Minera Andes [MAI – TSX] over a hotly contested…

January 16, 2012

Peru’s Dec Cabinet shuffle boosts presidents’ approval rating

According to an Ipsos Apoyo poll, President Ollanta Humala's Cabinet shuffle following fierce protests against Newmont Mining's Conga project lifted his approval rating as it rose to 54% in January.

January 16, 2012

Deloitte predicted the Peru Newmont Cajamarca debacle

Would you believe any government, anywhere, that promises to spend $1.6 B on roads and bridges to nowhere, while the mines pollute the local water and fill lakes with tailings?

January 14, 2012

Peru to spend $1.6 billion on Cajamarca’s poor, Newmont could restart Conga in March

The Wall Street Journal reports Peru on Friday announced a programme of social and infrastructure investments in its poor Cajamarca region aimed at winning over local protesters who have brought…

January 13, 2012

US Gold Responds to Settlement Offer Regarding Minera Andes’ Los Azules Copper Property Litigation

US Gold Corporation ("US Gold") (NYSE: UXG - News)(TSX: UXG -News), in light of the proposed business combination between US Gold and Minera Andes Inc., wishes to respond and comment…

January 13, 2012

Codelco will spend $5 billion in 2012, Chile court hands it minor victory over Anglo

Bloomberg reports Chile's state-owned firm Codelco, the world's largest copper producer, plans to invest $5 billion in 2012 on capital projects, more than twice the $2.3 billion it allocated last…

January 13, 2012

AuRico Gold Reports Preliminary Fourth Quarter Production Results

AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico", "AuRico Gold" or "the Company") announces preliminary results for the fourth quarter. During the fourth quarter the Company completed the acquisition of Northgate Minerals…

January 12, 2012

Top global mining executives to explore innovation possibilities at Brazilian summit

The Kellogg Innovation Network (KIN) at Northwestern University’s Kellogg School of Management is to partner with Brazil’s Fundacao Dom Cabral (FDC) to host a select group of high-level officers and…

January 12, 2012

Iron ore prices: Vale’s force majeure, cyclone Heidi vs China slowdown

Reuters reports spot iron ore was trading close to seven-week highs after a cyclone closed down the world's largest export terminal in Australia and heavy rains in three Brazilian states…