jueves, 20 de diciembre de 2018

Australia's top gold miner boosts bet on Ecuador copper project

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Latin America News Digest
Friday 21 December 2018
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Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.

The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.

Americas Market Intelligence says companies need to do their due diligence.

The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.

The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.

World's No. 1 copper producer says mine operating normally despite labour unrest.

The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.

The world's No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie's bid to focus on large assets in commodities such as iron ore, copper and oil.

The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources' Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.

Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process.

Changes to Brazil's 50-year-old mining regulations also came in effect Wednesday and include measures that make the country's industry more competitive and sustainable.

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Initially, workers linked to the Los Mineros Union planned to launch a protest action on December 1st, López Obrador's inauguration day.

On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.

OK; half right.

Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.

Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.

Move allows major companies to lease to juniors all or part of assets they are not actively developing.

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.

Move followed the dismissal of 49 workers and eight supervisors, union President Ronald Salcedo said.

The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.

It is already being called by some experts "the thickest high-grade copper intersection seen in years."

We are focusing on the good clients who have an end-user market.

Largo expects to table a maiden resource at NAN in early 2019 after receiving all the assays from its latest program.

BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of expectations according to analysts.

When it came to analyzing named executive officers in mining firms, only 8% were women.

With the post-election honeymoon just about over, 2019 is the year Pinera must deliver.

Nickel is one of Cuba's most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.

The Toronto-based miner needed to complete a change of land use payment.

The Coscuez mine has produced some of the best emeralds from Colombia's Muzo region for more than 300 years.

Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.

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