Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.
Vancouver-based Tahoe Resources Inc. said Wednesday construction activities on the power line for the Escobal silver project in Guatemala were disrupted by a mob intent on forcing the company to end construction.
They don’t often see eye-to-eye, but representatives of the Chilean and Peruvian governments have agreed to work together to attract declining investment to their copper mining sectors, and also increase their respective production.
Storied money manager Stephen Leeb says silver is set to blast through the $100 threshold and gold will reach $10,000 due to rabid money printing by indebted governments.
Shares of Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) were up almost 2% at $9.87 Tuesday after it announced drill results from its Bolanitos mine in Guanajuato State, Mexico.
Clearly if you work for the mainstream media there is only one way to approach a story like Oyu Tolgoi, Turquoise Hill Resource's massive copper-gold mine in Mongolia scheduled to start production next year.