Deforestation in Brazil’s Amazon hits “highest level in a decade”
Areas where trees have been removed soared 29.5% to 9,762 square km in the year to July 30, 2019 at a pace equivalent to about two soccer fields a minute — the fastest since 2008.
Vale (NYSE:VALE), Teck (NYSE:TCK) and Freeport-McMoRan (NYSE:FCX) are some of the names analysts are throwing into the pot as the next likely bidders for Inmet MiningCorp. (TSX:IMN), which owns the world’s second-biggest undeveloped copper deposit, in Panama.
Canada’s Barrick Gold (NYSE, TSX: ABX) will invest about $2 billion in Argentina next year mainly to advance construction at its massive Pascua-Lama gold-silver project, straddling the border with Chile.
South America-focused gold and silver miner Patagonia Gold (LON:PGD) (TSX:PAT), announced Monday it produced its first doré gold bar from its Lomada de Leiva gold and silver project in the province of Santa Cruz in Argentina.