Barrick to invest $34 million to extend Veladero’s mine life

Canada’s third main gold miner Kinross Gold (TSX:K) will focus on its wholly-owned Paracatu mine, in Brazil's Minas Gerais state, after it sold its stake in the Crixas gold mine to South Africa’s AngloGold Ashanti for $220 million

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

Southern Copper Corp. is evaluating the construction of a hydroelectric plant in Peru to mitigate the impacts that the energy crisis in the second world producer of copper may have in its operations, said the company’s president Oscar Gonzalez.

An Argentinean government body that is mapping glaciers in the Central Andes has released initial results of its national glacier inventory, showing that many of the country’s mining projects sit in glacier-rich areas and may, therefore, be a threat to country’s future water supply, among other possible ill effects.

Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.

Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding to complete its Boleo project, a $1.143 billion copper-cobalt-zinc project in Mexico.

Chile’s Codelco new CEO, Thomas Keller, has traveled to London this week to hold talks with global miner Anglo American (LON:ALL), hoping to resolve a multi-billion dollar contract dispute between the parties.

Mexican construction company ICA said on Wednesday it would buy a 51% stake in in San Martín Contratistas Generales S.A., Peru's leading company dedicated principally to construction in the mining sector.

Brazil's federal public ministry in Para state has filed legal action demanding that operations be halted at Onça Puma, a nickel mine in the northern Brazilian state owned and operated by Vale SA (NYSE:VALE).