Metals producer Doe Run Peru’s creditors rejected a restructuring plan the company presented with a view to restarting operations at the La Oroya smelter, said in a statement the Energy and Mines Ministry, Jorge Merino Tafur.
Rare Element Resources added 2.6% in after hours trade on Thursday after releasing a revised pre-feasibility study at Bear Lodge with improved economics, bringing its gains for the year to 76%.
Transportation costs are a major component of the total cost of mining ore. Choosing the right option can have significant benefits on mine performance.
More than one billion people watched the rescue of 33 Chilean miners from a collapsed mine in 2010. Today, one of them has decided to venture underground for the first time since the accident during a tour to a Saskatchewan potash mine.
Fact - our reality is we’re living on a relatively small planet with a finite amount of reserves and a growing human population that wants an increase in their standard of living.
Leading provider of intuitive software solutions to the mining and exploration industry, MICROMINE will be exhibiting at Expomin 2012, being held at Espacio Riesco, Santiago, Chile from 9-13 April 2012.
Copper hit its highest level in 2012 this week, boosted by strong manufacturing data from China. Steady job growth in the US too is pushing up demand, but downside risks especially in Europe remain.
"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that captivated the City in the 1960s and ended in the Poseidon crash, to the Hunt brothers’ cornering of the silver market in 1980."
Consolidated sales increased 13% to $702.0 million for the year ended January 2012 compared to $624.0 million for the prior year. This resulted in operating profit of $56.5 million, compared to an operating profit of $68.3 million last year. Included in the fiscal 2012 results was a non-cash $13.0 million charge ($8.4 million after tax) related to the de-recognition of certain components of the backfill plant at the Diavik Diamond Mine.
Environmental NGOs, an Indian tribe, and fishing groups have sued to block California Department of Fish and Wildlife regulations that would permit dredge mining in the Golden State in 2016.