Formerly called “The Disputed One,” Anglo American’s Los Bronces mine located northeast of Santiago, Chile, is living up to its name. The operation, which is expected to become the world's fifth-biggest copper mine, is at the heart of the ongoing legal dispute between the London-based global miner and Chile’s Codelco, the world’s largest copper producer.
The Calgary Herald is reporting that a Canadian family running an offshore organization under investigation by police has taken over a gold mining company in Ecuador.
Westmoreland Coal Company (NasdaqGM:WLB) announced Tuesday that it has agreed to purchase Chevron Mining Inc.’s Kemmerer mine in the Hams Fork Region of southwestern Wyoming for $179 million plus approximately $14 million in working capital.
New Guinea Gold (CVE:NGG) temporarily halted mining and processing at its Mt Sinivit operation after it was occupied by the Wild Dog Mining Area Landowner Association and Lulai Nakama Association.
Due to the high Australian dollar and low molybdenum prices, Moly Mines says the Spinifex Ridge molybdenum/copper project is sub-economic and the company won't be developing it.