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.
Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an initial investment of $520 million.
South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the local mines.
The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.
South Africa's gold output continues to fall, dropping a further 2.9% in May. The last time the country's mines produced this little, the nation was still ruled by the Queen of England.
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.
