The Calgary Herald is reporting that a Canadian family running an offshore organization under investigation by police has taken over a gold mining company in Ecuador.
Located at over 4,000 meters above sea level in the Altiplano of the Andes Mountains, the San Cristobal Mine is the largest mine in Bolivia. The open-pit silver, lead and zinc mine’s production process requires the transportation of 150,000 tons of rock, and the processing of 40,000 tons of mineral daily.
Crystallex International received protection today under the Companies' Creditors Arrangement Act of Canada, and the company will also be delisted from the Toronto Stock Exchange next month.
Anglo American said Thursday it had filed a writ with Santiago's Court of Appeals, suing the Chilean firm for breach of contract in a dispute over its south Chilean assets.
Anglo American (LON:AAL) has increased the capital expenditure budget for its largest project in development, the Minas-Rio iron ore mine in Brazil, by 15%, the London-listed major miner announced on Tuesday. That takes the capex for the project up to US$5.78 billion.
South American Silver (TSE:SAC) stock shot up 17% in morning trading today on the Toronto Stock Exchange to $1.62 a share after the company announced the findings from its NI 43-101-qualified resource estimate of the company's Escalones copper-gold-silver project in central Chile.
Goldcorp Inc on Friday (TSX: G, NYSE: GG) announced the approval of the amended Environmental Impact Assessment (EIA) by provincial authorities in the province of Santa Cruz for the development and construction of the Cerro Negro gold project, a high-grade deposit located on the low-elevation Patagonian plains of southern Argentina.
The country has decided to lift the state of emergency in the northern region of Cajamarca and reopen negotiations with protestors opposed to Newmont's $4.8bn Conga mine
Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.