Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia
Santacruz Silver Mining said on Tuesday that an employee at the Tres Amigos mine in Bolivia died after a small group of illegal miners unlawfully entered the mine and used explosives.
-
-
Visit: 51
Zijin Mining to take 9.9% stake in Montage Gold
Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement.
-
-
Visit: 48
Mexico mining investment seen stable at $5 billion in 2024
Mining investment in Mexico should remain largely stable in 2024 compared to last year at around $5 billion but new regulation could hamper the development of new mining projects, the country’s Camimex mining chamber said on Wednesday.
-
-
Visit: 44
IRH mining dealmaker met with Congo gold smugglers, UN says
A businessman who has been leading a push into mining by Abu Dhabi’s largest listed company has been cited for having dealings with smugglers of gold from central Africa, according to a United Nations report.
-
-
Visit: 39
Canada’s move to limit mining M&A hurts big metals producers
New Canadian rules limiting foreign takeovers of mining companies will leave the nation’s biggest metals producers with lower valuations than their global peers, according to Bank of Nova Scotia’s mining analysts.
-
-
Visit: 43
Canada’s move to protect mining sector shields takeover targets
Canada is making it harder for foreign firms to acquire domestic mining companies by imposing measures that could protect top takeover targets from large global rivals.
-
-
Visit: 54
Ivory Coast to revise mining code to increase state profits
Ivory Coast is planning to revise its mining code in order to increase state profits, the country’s mines minister Mamadou Sangafowa Coulibaly said on Monday.
-
-
Visit: 57
Orano says Niger has removed mining permit for its Imouraren unit
French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren.
-
-
Visit: 61
Mining M&A stokes coal race against cleaner power
Coal is doomed, or so the energy thesis goes. Many banks, insurers and investors have backpedalled from or abandoned the carbon-belching fossil fuel, prompting companies that excavate it to complain they cannot get mainstream or affordable financing. One corner of the industry, however, is burning strongly: the coking, or metallurgical, variety used to make steel. For sellers, it’s a diamond underneath the growing pile of mining M&A. Buyers, however, are in a race against low-emissions alternatives to justify their strategies.
-
-
Visit: 72
Along Peru’s mining corridor, Big Copper faces a snarl of trucks
Surging copper prices this year have brought startling growth in the number of trucks carrying copper from illegal mines in Peru, jamming roads, causing accidents and creating hazardous conditions especially after dark along the Andean country’s key “mining corridor” highway, industry sources told Reuters.
-
-
Visit: 35
Chile says Saudi mining minister to visit, lithium expected on agenda
Chile’s government said on Saturday that Saudi Arabia’s mining minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago.
-
-
Visit: 76
Western Australia resolves mining imbroglio threatening licences
Western Australia’s government has approved draft legislation that will ensure the security of mining licences and permits in the state, a major producer of iron ore.
-
-
Visit: 88
US imposes sanctions on Guyanese mining magnate over alleged fraud
The United States on Tuesday imposed sanctions on Guyanese mining magnate Nazar Mohamed and his son over allegations the two men defrauded Guyana’s government of tax revenues and bribed public officials, the Treasury Department said.
-
-
Visit: 98
Mali gold mining revenue fell by 26% in 2023
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west African country’s mines ministry showed on Wednesday.
-
-
Visit: 83
The home of Malbec wine makes a play for copper in Argentina mining revival
Argentina’s Mendoza province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to restrictions and red tape.
-
-
Visit: 73
Mongolia defends plan to tap mining riches for new sovereign wealth fund
Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large reserves of critical minerals, including those used in electric vehicle batteries and other new energy technologies.
-
-
Visit: 93
Record gold and copper prices are also a boon for illegal mining in Peru
Record prices of gold and copper are buoying the spirits of mining leaders gathered in the Peruvian capital this week.
-
-
Visit: 114
At least two companies seek Norway seabed mining permits
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry.
-
-
Visit: 88
Copper frenzy draws mining giants to Argentina after Milei’s reforms
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
-
-
Visit: 201
Peru’s 2024 copper target is realistic, mining magnates say
The Peruvian government’s 2024 copper production goal of 3 million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help lift the economy out of recession.
-
-
Visit: 102
Solaris ends plan to sell stake to Zijin Mining, cites government rules
Solaris Resources has scrapped plans to sell a minority stake to China’s Zijin Mining Group because it feared the deal was unlikely to meet Canada’s stringent foreign- investment standards in a timely manner, the Canadian company said on Tuesday.
-
-
Visit: 99
A leadership battle is brewing at deep sea mining’s regulatory body
The secretary-general of the International Seabed Authority is set to run for a third term leading the United Nations-affiliated organization that regulates deep sea mining, as control of mineral resources used to make electric car batteries becomes a focus of US-China rivalry.
-
-
Visit: 132
BHP bombshell puts South African mining in a hole
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival Anglo American would see one of the Rainbow Nation’s most familiar companies largely withdraw from the country more than a hundred years after it was founded. The question is whether the government in Pretoria can stop the $39 billion transaction – and whether it should.
-
-
Visit: 114
Strong copper price reviving Peru’s mining mojo
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.
-
-
Visit: 121
Congo M23 rebels claim control of smartphone mineral mining town
M23 rebels in eastern Democratic Republic of Congo have taken control of Rubaya, a key mining town for the smartphone mineral coltan, following days of intense fighting, a rebel spokesman said.
-
-
Visit: 92