The Toronto-based company said the bid of 48 cents per share in cash represents a 37% premium at the close of Petaquilla's trading on the Toronto Stock Exchange.
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.
An alleged unit from the Revolutionary Armed Forces of Colombia, or FARC, blew up Tuesday heavy equipment at the Colombian coal mine Cerrejon, in the northern province of La Guajira, part owned by BHP Billiton.
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.