Codelco takes Ecuador to arbitration over stalled joint project
Chile’s copper giant has requested international arbitration with Ecuador and its state-miner over the Llurimagua project.
South America
JV Article: Los Cerros advances exploration program at its Quinchia gold project in Colombia
Los Cerros Limited (ASX: LCL) has announced results from an exploration program ongoing at its 100%-owned Quinchia gold project. The company has been drilling for gold in the hills of…
Rusoro to pursue $1.5B award against Venezuela following French Supreme Court ruling
The French Supreme Court, the Cour de Cassation, overturned a decision by the Paris Court of Appeal which had annulled part of the damages portion of the arbitral award granted…
TSX Venture up, March 29-April 1
The S&P/TSX Venture Composite Index rose 1.86% to finish the trading week at 960.84. Spot gold fell US$3 per oz., or 0.17%, to US$1,730.30 per ounce. Rusoro Mining rose 2¢ to…
Vale sells New Caledonia nickel assets to Trafigura
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity…
Equinox Gold to sell 10M Solaris shares
Growing gold miner Equinox Gold (TSX: EQX; NYSE: EQX) has announced that, in response to a request from Ecuador-focused explorer Solaris Resources (TSX: SLS), it has agreed to sell 10…
Cerrado Gold advances exploration program at Minera Don Nicolás project in Argentina
A year ago, Toronto-based Cerrado Gold (TSXV: CERT) acquired 100% of the Minera Don Nicolás (MDN) property in southern Argentina from a group of private investors. The project, about 1,600 km southwest…
$25M raised by Eloro for Iska Iska exploration in Bolivia
Eloro Resources (TSX-V:ELO; OTCQX:ELRRF; FSE:P2QM) has raised $25 million for mineral exploration in Bolivia by issuing 6.67 million units priced at $3.75 each. Each unit consists of one common share…
TSX Venture down, March 15-19
The S&P/TSX Venture Composite Index rose 1.38% to finish the trading week at 995.80. Spot gold declined by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Great Bear Resources jumped $1.64…
TSX mixed, March 15-19
The S&P/TSX Composite Index fell 0.53% to 18,854 during the Mar. 15-19 trading week. The S&P/TSX Global Mining Index slipped 2.68% to 103.66, and the S&P/TSX Global Base Metals Index…
Nexa invests in Tinka Resources
Nexa Resources (TSX: NEXA; NYSE: NEXA) – one of the largest zinc producers in the world – has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which…
Exclusive iron-ore port could boost Vale expansion plan
Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets. Despite the Covid-19 pandemic, China…