Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.
Vale has teamed up with the University of São Paulo to identify bacteria and fungi capable of eating copper in a move which could generate an additional $1.4 billion in gross revenue for the Brazilian mining giant.
Scientific American provides a detailed, hypothetical response to the question which has no doubt crossed the mind of anyone involved with the mining sector - how long before the Earth's bounty of resources runs out?
Over $1 million has lost Bolivia so far due to the conflict over rights at the silver, tin and zinc mine that used to belong to commodity trader Glencore (LON:GLEN), but that President Evo Morales nationalized last June.
Canadian Baja Mining (TSX:BAJ) shareholders continue to be anxious about the future of the company’s flagship Boleo project in Mexico, as its South Korean partners were unable to decide on the second stage of financing for the copper-cobalt-zinc mine development, the miner said Tuesday.
Chilean state-own Codelco, the world's largest copper producer, began construction of the access tunnels to the new level of its El Teniente copper mine on Tuesday.
Kiska Metals Corporations shares were up almost 19% (at 12:15 ET) Tuesday as the company announced updated results for its Thorn Property in northwestern British Columbia, sent by partner Brixton Metals.
Reservoir Minerals (CVE:RMC) was up 48.39% to $3.22 a share after releasing drill results for its Timok Project in eastern Serbia showing 160 metres grading 10.16% copper equivalent.
