Chile’s Codelco strikes labor deal with supervisors at Salvador mine

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.

Eastern Canada’s New Brunswick claimed the top spot at the world’s most attractive jurisdiction for mineral exploration and development list, released by the Fraser Institute today.

Despite unbeat quarter with 29% increase in revenues, Yamana also took a $81 million non-cash impairment loss on investments in available-for-sale securities recorded in the quarter.

Brazil, now the envy of debt-ridden nations, is scrambling to strengthen its control over domestic food production. This move became a matter of national security as the country saw 2008’s increased fertilizer prices threaten its agricultural sector.

Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

Chile is not only the largest copper producer in the world, but also the country with the largest worldwide reserves of the red metal, reveals the latest commodity report by the U.S. Geological Survey (USGS).

Collahuasi, the third largest copper mine in the world, resumed operations this morning after a snowstorm halted production on Sunday, publishes online news outlet Terra.cl

Brazilian copper developer Avanco Resources (ASX:AVB) said today that it would double the company’s copper gold resources through the acquisition of the Pedra Branca Copper-Gold Project in Brazil's Carajas Mineral Province from Xstrata Copper.