Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February are expected to deliver their report on the viability of proposed water for Newmont Mining (NYSE:NEM) and Buenaventura’s US$4.8 billion copper-gold project tomorrow.
1,300 exhibitors, 5,000 new products, 35 countries represented, 70,000 visitors and nearly $1.7 billion in future business is the result of ExpoMin 2012, the world mining congress held April 9 to 13 in Santiago, Chile.
Anglo American has halted preliminary work for installation of a power line at its Minas Rio iron ore project in Brazil, following a judge's decision to suspend the installation license for the line.
The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.
Two of Vale's massive Valemax carriers were in Subic Bay, Philippines for just under a month transferring cargo to smaller ships to carry iron ore onto China, because the 400,000 tonne vessels may not dock at Chinese ports.
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.
Guyana Goldfields vaulted 15.8% on Thursday, after raising just shy of $26 million from an institutional investor and its CEO, and announcing a revised feasibility study for its Aurora gold project in Guyana.