Polymetallic producer Buenaventura, owner of the San Gabriel underground gold mine in Peru, said in its earnings report this week the mine will be a heavy focus for it in the coming year in terms of capital spending. In the company’s third-quarter and nine-month 2023 report, Buenaventura said its 9M23 consolidated copper production increased 35% year-on-year; zinc production decreased by…
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After days of protests, Panama President Laurentino Cortizo said the country would hold a referendum to decide whether to scrap a contract with First Quantum’s local subsidiary Minera Panama, reported Reuters. The vote will take place December 17 and its result will be binding. The news agency said Panama’s government and Minera Panama agreed on a contract which would guarantee…
Read MoreTeck Chile is staring down an $8 million fine for two series permit breach charges from The Superintendence of the Environment (SMA) in Chile, the agency confirmed last week. SMA in the Coquimbo region said the producer, specifically Teck Carmen de Andacollo, which is owner of the Andacollo Cobre project, has not complied with the commitments established in its Environmental…
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Canadian-based Ero Copper has released the newest update of progress at its Tucumã project in Brazil, confirming that it is over 70% complete and on track for first copper production later next year. Reporting “excellent progress” at the site in Para state, officials said the planned mine’s capex is in line with its current guidance of approximately $305 million. Crews…
Read MoreBrazilian miner Vale has created a company to sell and distribute iron ore tailings sand as it pushes to reduce material disposals from dams and piles. The new sand company, Agera, is a spin-off from part of Vale and expects to sell 1 million metric tons of sand this year and generate revenue of US$3.57 million (18 million reais), according…
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BHP has reached a preliminary deal with the supervisors’ union at its Escondida operation in Chile, avoiding a strike at the world’s largest producer of copper concentrates and cathodes, reported Reuters.
Read MoreBase metals miner Lundin is reportedly in discussions with Japanese trading houses and large miners to turn over between a 40% and 50% stake in its Josemaria copper-gold operation in Argentina. CEO Jack Lundin said in a Reuters interview that it is conducting risk analysis before finalizing plans with its strategic partners for Josemaria’s development. The executive, who was just…
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Peruvian miner Buenaventura has announced the temporary suspension of some activities at the Tajo Norte mine in Colquijirca, Cerro de Pasco.
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The Ministry of Coal in India has confirmed new executed agreements with six coal mine bidders after a seventh round of auction for commercial coal operations. Full story.
Read MoreExtending an already long-standing relationship with its customer, FLSmith said it recently delivered a trio of its Top Service Design (TSUV) gyratory crushers to a South American copper mine. The new order allows FLSmidth to overhaul existing equipment with newer crusher technologies to boost efficiency for the leading copper miner, the name of which the supplier did not disclose. The…
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