Rio2 to raise up to $135m for Fenix gold mine construction

Reconnaissance exploration identified boulders in streams that contain up to 11.9% copper with 166g/t silver.

The miner has found further mineralization at its Cascabel copper-gold project. Cascabel is believed to have the potential to become one of the largest copper-gold assets ever discovered.

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

The company will retain its dividend policy of paying out at least 35% of underlying net earnings, but will pay out excess funds from the proceeds of sales to shareholders,

Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.

Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

The company is planning a 1,000-metre drill program at its Alacran copper-gold deposit, part of its San Matias project in Colombia.

The area around Los Bronces copper mine hosts 30% of Chile's copper resources and 10% of the world's.