Ero copper shares up on new results at Curaçá Valley

The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.

Fabio Schvartsman also said the company would do everything to resume operations as soon as possible at the Samarco mine.

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.

President and director Martin Vidal has left the post effective November 30.

"The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," said Chief Executive Officer Fabio Schvartsman.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Could the lack of a broader mining code overhaul weigh on investor sentiment over the coming months?

“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.