After more than nine days of holding out hope that trapped miner Larry “Pete” Marek was alive after a mine collapse, Hecla Mining Company said it believed Marek was dead and changed the rescue mission for Marek into a recovery mission at the Lucky Friday Mine early Easter Sunday morning.
In a press release, Hecla stated “we are heartbroken to report that we now believe that Larry was under the fall of ground when it occurred and is deceased.”
Trevali Mining Corporation (“Trevali” or the “Company”)(TSX:TV)(OTCQX:TREVF) announces that it has signed an engagement letter and indicative term-sheet with WestLB AG, New […]
Pan American Silver said Tuesday it had consulted with Bolivia's Minister of Mines and its unions and "has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente."
Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.
Capstone Mining will acquire all the issued and outstanding shares of Far West Mining. Total transaction value will be Can$725 million.
Capstone released details of the agreement in a press release on Sunday.
On Monday morning, Capstone shares (TSE:CS) were down about 7% to $3.93 a share.
Associated Press reports that rescuers have been trying to reach a miner caught in a cave-in more than a mile underground.
The roof of a tunnel at the silver mine in northern Idaho collapsed where the 53-year-old miner and his brother were working.
Hondo Minerals Corp has announced the expansion of its operational infrastructure in preparation for the opening of a processing facility at the Tennessee mine in Arizona.
Bolivian officials says President Evo Morales will announce on May 1 that he is dismantling Bolivian mining's "privatization model" and will nationalize former state-owned mines.
Coeur d'Alene Mines announced Thursday that it has received assurances from the Morales Administration that its San Bartolomé silver mine is not targeted for any proposed mining nationalization in Bolivia.