Newmont Goldcorp, Mexican community reach crucial water deal

China's state-owned Minmetals enters bidding for $5.6 billion project.

Recovering nearly 30$ of the 40$ in Tuesday losses.

Says it will remain closed for two to three years.

Its diamond and gold processing plant is the largest of its type in Latin America.

Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.

The deal gives Hochschild Mining full control of two precious metals projects in Peru.

Although not official, CEO Gary Goldberg did say last week he was open to new deals and adding more copper production.

2014 production could reach 1 million ounces.

If any of the two bids is successful, Las Bambas will be China’s largest acquisition of an overseas copper asset.