With gold, silver, and their miners’ stocks drifting listlessly near correction lows, the sentiment in precious-metals land is even more pessimistic than usual.
Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.
Despite the recent deadly and divisive disputes over mining projects in Peru, London-based mining giant Anglo American got the green light from the regional government of Moquegua for its $3 billion Quellaveco copper mine.
London-based Anglo American and Chile's state-owned Codelco have not come to an agreement, said the world’s largest copper producer Thursday, instead they have agreed to extend the talks until mid August.
Bolivian President Evo Morales has nationalized the assets of Vancouver-based South American Silver, accusing the miner of causing a conflict that saw violence erupt among communities around the mining project it was developing there.
Unionized workers of Durango Sate in Mexico, forced Canadian miner Excellon Resources to halt its operations at San Pedro mine after over 70 union members occupied the facilities last night.
