Lundin closes $1bn acquisition of Chapada copper-gold mine
The Chapada mine, in the northwest state of Goiás, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.
Anglo-American in its increasingly acrimonious fight with Codelco on Thursday had to defend itself against what it termed "the criminal accusation" made by the president of the Federation of Copper Workers in Chile who sits on the Chile’s state-owned copper giant board.
With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar.
But what is it saying about the outlook for 2012?
MONTREAL, QUEBEC--(Marketwire - Jan. 26, 2012) - Dynacor Gold Mines Inc. ("Dynacor" or "the Company") (TSX:DNG) is pleased to announce that gold production for 2011 from its ore- processing plant delivered a company best 46,026 ounces, including a record month of 4,565 ounces for the month of December, 2011. This amounts to a year over year increase of 37% (2010 - 33,525 ounces) and a quarterly increase of 29% (Q4/2010 - 3,533 ounces) respectively.
Vancouver-based mining company Fortuna Silver says it has nothing to do with the shooting death of a protester in a town near the company’s mine site in Mexico.
Peru's Prime Minister said on Tuesday Newmont Mining’s stalled Conga project will be developed as the government could end up with a "huge" compensation payment if the $4.8 billion mine does not go ahead.
Stock in Marifil Mines (CVE:MFM) shot up 17.9% Monday after the Vancouver company announced it is acquiring the Filo Morado potash property in Argentina.
While miners and explorers may be hitting the investment conferences looking for funding, NGOs are successfully using crowd sourcing to get projects started.
Pan American Silver is buying Minefinders for $1.5 billion in a cash and stock deal. Markets reacted negatively to the news with Pan American today losing 8.67% of its value and falling to $22.85 a share in morning trading.