Lumina Gold secures improved Ecuador terms with Cangrejos mining permit, analyst says
The contract includes $25 million in advance royalty payments to the government split into four stages.
Brazilian miner Vale SA said on Wednesday it has postponed the scheduled release of earnings and production reports as it focuses on the consequences of the deadly Brumadinho dam disaster.
Vale said it plans to release its fourth quarter earnings report on March 27 rather than Feb. 13 as originally planned. The release of its production and sales report, which had been planned for Feb. 4, was postponed to March 26.
(By Marcelo Teixeira; Editing by Christian Plumb)
Click here for complete coverage of the dam burst at Vale’s Córrego do Feijão mine.
