Brazil prosecutors compel Vale, BHP to pay $9.5bn in Samarco’s debt

Panamanian President-elect Laurentino Cortizo said on Tuesday his incoming government would review a contract awarded to a subsidiary of Canadian miner First Quantum Minerals.

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank, prompting the lender to take control of the precious metal which was used as collateral.

The project contains one of the largest in-situ gold reserves and resources owned by an independent junior mining company in South America.

Two ministers met with captains from the Indigenous tribe, however, activists say their complaints against the environmental and social impacts of the Orinoco Mining Arc tend to fall on deaf ears.

Chip sampling on the property produced significant gold, silver, copper, zinc and lead results.

The race by Tesla, Samsung and other technology giants to secure supplies of lithium is creating a unique chance for two global mining superpowers to reap more value from their natural resources.

While geopolitical concerns have been the prime driver for most commodity markets recently, iron ore has been a standout, trading largely on traditional fundamentals.

The acquired company holds or has rights to a title package comprised of mining concession agreements covering approximately 35,747 hectares of land.

The causes that prompted a rock to fall down at the Pilar Norte mine are under investigation.