Chile’s Pampa Camarones copper mine is up for sale
Chilean private equity fund Minería Activa has put up for sale its Pampa Camarones copper mine in the country’s far north amid an ongoing copper price rally that saw the…
South America
Deep-sea mining tests resume as lost robot rescued
Belgium’s Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot…
Ero Copper reports new copper zone below Vermelhos mine in Brazil
Ero Copper (TSX: ERO) says it has identified a new zone of mineralization at its Vermelhos project, an underground mine under development in Brazil and part of the company’s MCSA…
Fortuna Silver to buy Roxgold in US$884 million deal
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is buying Roxgold (TSX: ROXG; US-OTC: ROGFF) in an all-share deal valued at about $1 billion (US$884.32 million), as strong gold prices spurs a wave…
Tier One Silver on cusp of drilling Curibaya in Peru
In October, Auryn Resources was reorganized and split into three separate companies — Canada focused Fury Gold Mines (TSX: FURY NYSE-AM: FURY) and Peru-focused Sombrero Resources and Tier One Silver….
Bolivia-focused Andean Precious Metals lists on TSXV
Silver producer Andean Precious Metals (TSXV: APM) listed on the Toronto Venture Exchange on March 29 with US$70 million in cash and the only producing oxide plant in Bolivia. Its…
Millennial Lithium achieves high purity battery-grade lithium at Argentinian project
Millennial Lithium (TSXV: ML) announced that it was able to produce lithium carbonate of battery-grade purity from the first batch of brine processed through the company’s pilot plant at its…
Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner…
Equinox Gold sells Brazil mine, focuses on Canadian growth
Equinox Gold (TSX: EQX; NYSE: EQX) has sold its Pilar gold mine in Brazil for US$38 million in cash as part of a portfolio optimization strategy that includes increasing its stake…
TSX Venture down, April 12-16
The S&P/TSX Venture Composite Index fell 1.55% to finish the trading week at 944.46. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per ounce. Gold Mountain Mining climbed 48¢…
Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to…
Anglo American to run South America mines 100% on renewables
Anglo American (LSE: AAL) has signed a deal to run its Quellaveco copper mine in Peru 100% on renewables, effectively allowing the miner to deliver on its promise of powering all…