Canada’s Labrador Iron Mines (TSX:LIM) said it had cut its capital expenditure (capex) budget as a result of iron-ore prices falling sharply during August.
The company says it expects construction costs to be about $158 million for the project and that commercial production will begin in the second half of 2014.
Canadian Baja Mining (TSX:BAJ) shareholders continue to be anxious about the future of the company’s flagship Boleo project in Mexico, as its South Korean partners were unable to decide on the second stage of financing for the copper-cobalt-zinc mine development, the miner said Tuesday.
Chilean state-own Codelco, the world's largest copper producer, began construction of the access tunnels to the new level of its El Teniente copper mine on Tuesday.
China’s anti-corruption watchdog has launched an investigation over the insider trading case linked to China National Offshore Oil Corp.'s bid for Nexen.
