Brazil demands immediate US$15.7B payment for Mariana disaster
The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.
South America
Sierra Metals converts resources to reserves for Peru, Mexico mines
A Sierra Metals (TSX: SMT, US-OTC: SMTSF) update has converted between one-fourth and more than one-half of the resources at its Yauricocha and Bolivar underground polymetallic mines to reserves. Yauricocha,…
Brazil rejects Vale, BHP US$25B offer for mine disaster
Miners had earlier this week presented authorities with an offer to pay $25 billion as reparations for the dam collapse.
Anglo American copper assets worth US$35B: analyst
BHP’s (ASX, LSE, NYSE: BHP) bold move last week to approach Anglo American (LSE: AAL) with an unsolicited US$39 billion takeover offer has as its main objective to grab copper…
Ecuador court issues setback for US$3B copper project
Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
Lundin, Sprott, Warke fund Highlander Silver for Peru
South America-focused Highlander Silver (CSE: HSLV) is netting $9.2 million from members of the Lundin family as well as Canadian mining billionaires Richard Warke and Eric Sprott. The financing, for…
TNM Drill Down: Collective Mining Traps top assay in Colombia
Our TNM Drill Down features highlights of the top gold assays from the April 19-26 period. Drill holes are ranked by gold grade x width, as identified by data company…
AngloGold Ashanti project in Colombia hit by court-backed mining ban
AngloGold Ashanti’s (NYSE: AU) stalled La Colosa gold project in Colombia faces another setback after a local court upheld a mining ban. The 10th Administrative Court of Ibagué, the capital…
Lithium Ionic’s high-grade assays follow resource increase at Bandeira in Brazil
Lithium Ionic (TSXV: LTH; US-OTC: LTHCF) reported on Monday assays as high as 1.25% lithium oxide (Li2O) over 49.8 metres from drilling at its near-feasibility stage Bandeira project in eastern…
Anglo American rejects BHP’s ‘undervalued’ US$39B bid
Anglo American (LSE: AAL) has rejected a US$39 billion takeover proposal from BHP (LSE: BHP; NYSE: BHP; ASX: BHP) that requires Anglo to divest its platinum and iron ore businesses…
Silvercorp diversifies into South America with $200M deal for Adventus
Silvercorp Metals (TSX: SVM; NYSE : SVM) is diversifying into South America with the acquisition of Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) and its 75% interest in the El Domo…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…