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Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
South America
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…
Teck copper output shoots up on QB mine, profit disappoints
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) saw its copper production jump by 74% in the first three months of the year, due mainly to the ramp up of the…
Lundin Gold becomes debt free with US$330M repayment to Newmont
Lundin Gold (TSX: LUG; US-OTC: LUGDF) has negotiated a deal with Newmont (TSX: NGT; NYSE: NEM) to buy out the stream credit facility and offtake agreement for its Fruta del…
Vale, BHP, Samarco seek new deal on Brazil disaster
Negotiations resumed this week after the Brazilian government and states rejected the companies’ $7.7 billion offer in December.
Hochschild meets output targets, dividends uncertain
Hochschild Mining (LSE: HOC) said on Wednesday it’s on track to achieve its production targets for 2024 after an increase in gold output boosted its overall first-quarter production. The U.K.-based…