May 24, 2012
World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than…
May 23, 2012
After dreary drilling results last year, Canadian junior miner Endeavour Silver (TSX: EXK), announced exploration drilling at the San Sebastian property in Mexico has discovered a new high grade silver-gold…
May 23, 2012
The frantic legal battle between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer, was put on hold as the parties announced they were…
May 23, 2012
Highlights from the latest batch of results include: JMDH49 with 172 metres at 1.57% CuEq* (136 to 308m, 1.33% Cu and 0.36 g/t Au);JMDH25 with 552 metres at 0.75% CuEq*…
May 23, 2012
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador.
May 23, 2012
Australian Foreign Minister, Bob Carr, called local mining companies to look at Latin America as a business destination, as the region was emerging as an important economic powerhouse, hungry for…
May 22, 2012
Brazilian steelmaker Usiminas has cut back on plans to expand its iron ore production, reducing its targeted output by 2015 to 25 million tonnes from 29 million tonnes, the company's…
May 22, 2012
Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The…
May 22, 2012
In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan…
May 20, 2012
Stricter environmental rules on new mining projects, combined with soaring labour costs, are making Vale SA, the world's leading iron ore exporter, less competitive against Australian rivals Rio Tinto and…
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