Rio Tinto, Codelco join forces to find more copper in Chile
Chilean state copper company Codelco is partnering with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to explore the Australian miner’s recently acquired Agua de la Falda copper asset in…
South America
NYSE gains July 24-28 as economic growth, declining inflation offset interest rate hike
U.S. markets rose moderately during the week after investors considered an interest rate increase by the Federal Reserve to be near its last in the cycle while inflation fell and…
Serabi Gold shares jump on deal with Brazil Indigenous groups
Shares in Serabi Gold (TSX: SBI; LSE: SRB) jumped in London on Monday after the Brazil-focused gold miner said it had inked an agreement with representatives of Indigenous communities confirming…
Glencore buys Pan American’s stake in Argentinean copper project
Glencore (LSE: GLEN) is buying out a 56% stake in Argentina’s MARA copper project from its partner Pan American Silver (TSX: PAAS; NYSE: PAAS) for US$475 million, as part of…
Bolivian Indigenous group declares local emergency as gold mining co-ops eye protected areas
The Indigenous Peoples of La Paz Central Group (CPILAP) issued a local state of emergency in the Bolivian department of La Paz following an attempt by gold mining cooperatives to…
Chile’s Supreme Court awards $1.4M to 31 of the 33 miners trapped in 2010
Chile’s Supreme Court awarded $1.4 million to 31 of the 33 miners that were trapped for two months, back in 2010, 700 metres below the surface in the San José…
Founders Metals drills 12 metres of 19.2 g/t gold in Suriname, stock surges
Initial drill results from Founders Metals‘ (TSXV: FDR) Antino project in southeastern Suriname have confirmed the presence of high-grade gold mineralization, sending the junior’s stock up by 8.5% this morning….
Sigma makes first lithium shipment from Grota do Cirilo
Sigma Lithium (TSXV: SGML) has shipped its first product from the Grota do Cirilo lithium mine in Minas Gerais, Brazil. This Thursday, a ship is due to leave the Port of…
Teck cuts copper guidance on lower output at QB2
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified miner, has revised down copper production targets for the year after its Quebrada Blanca 2 open-pit mine in northern Chile…
Colombia names leftist engineer as new mining minister
Andrés Camacho, 42, will be in charge of Colombia’s transition away from its two main sources of revenue: oil and coal.
Los Andes Copper signs US$20M royalty deal with Ecora Resources
Vancouver’s Los Andes Copper (TSXV: LA; US-OTC: LSANF) has signed a US$20-million royalty agreement with Ecora Resources (TSX: ECOR). The royalty includes a 0.25% net smelter royalty (NSR) on sales…
Colombia takes aim at ‘mining disorder’ with proposal limiting activity in vulnerable ecosystems
Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations. The decree, which can be…