Ecuador’s government flees capital and warns of coup threat
The unprecedented scale of the unrest, including rioting and looting, has worried many residents who stocked up on goods, emptying supermarket shelves.
The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold and silver production targets for 2012.
Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.
Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over the junior’s investments without compensation.
AuRico Gold Inc. (NYSE:AUQ) shed 12% on Tuesday on massive trading volumes, after its preliminary operational results for the second quarter provided a few nasty output surprises and its CEO stepped down.
Excellon Resources fell 8% on Monday, after announcing it could run out of stockpiled ore at its Zacatecas-state mill "within the next few days" after a dispute with workers and local landowners halted operations at its La Platosa silver mine in Mexico.
The World Bank Group accepted a complaint and will evaluate its investment in Eco Oro Mineral’s Angostura mining project, a proposed large-scale gold mine located in a fragile, high-altitude wetland called the Santurbán páramo, which provides water to over 2.2 million Colombians
Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.
Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.
Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an initial investment of $520 million.