Cerro de Pasco Resources sells Santander zinc mine in Peru
Cerro de Pasco Resources (CSE: CDPR) says it’s selling its Santander zinc-silver mine to a Peruvian distressed asset investor for as much as US$10 million in shares to reduce debt…
South America
Uranium market under pressure, but long-term outlook remains positive
The uranium market has faced some short-term pressure, with spot prices dropping below US$80 per lb. after hitting a peak of US$107 in February. Despite this drop, prices are still…
G Mining declares commercial production at Tocantinzinho gold mine in Brazil
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) is Brazil’s newest gold producer after declaring commercial production at its Tocantinzinho mine in Pará state on time and on budget in less…
Ganfeng Lithium cuts spending as consumers ease off the pedal for EVs
China’s Ganfeng Lithium, one of the world’s largest producers of the battery metal, says it will delay spending on projects that don’t generate “significant near-term returns” after reporting a first-half loss…
Cordoba Minerals bags Alacran permit approval in Colombia
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) has secured a construction permit for the Alacran copper-gold-silver project in Colombia with work set to start by the second quarter next year, assuming…
Chile shortlists six potential partners for Altoandinos lithium project
Enami aims to formalize a public-private partnership by March 2025.
Video: Canada’s miners need to step up productivity, former Vale exec Naidoo says
Deshnee Naidoo, who until March led Vale’s energy transition metals business, says Canadian miners need to get more competitive and productive to unlock the country’s rich mineral reserves. “Canadian productivity…
Shallow drill results show promise for expanding the San Albino mine in Nicaragua
Mako Mining’s (TSXV: MKO; US-OTC: MAKOF) shares in Toronto stayed flat Wednesday despite reporting double-ounce gold drill results at Las Conchitas near its San Albino mine in Nicaragua. The company’s…
Vale names CFO Gustavo Pimenta as next CEO
The Brazilian executive will succeed Eduardo Bartolomeo following a messy succession process.
Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.
Aura Minerals delays Matupá construction for more drilling to expand gold resource
Aura Minerals (TSX: ORA) (OTCQX: ORAAF) says it’s delaying construction of its Matupá gold project in Brazil for more exploration to “significantly” expand the company’s resources. The Canadian miner withdrew…