Canadian-headquartered miner Lithium Americas has reported two separate fatal accidents at its Caucharí-Olaroz lithium project in Jujuy, Argentina on 23 October. The company, which did not identify the names or job titles of those involved, said the incidents occurred at the work camp and appear to be unrelated to one another. Additionally, neither were connected to the ongoing development activities…
Read MoreAfter three years of construction, Lundin Gold has completed its South Ventilation Raise (SVR) project at the Fruta del Norte gold operation in southeast Ecuador, and it is operational. The project did encounter delays due to COVID and various technical challenges, but the work plan was revised last year from a traditional 5.1-metre raise bore to a 2.1-metre diameter pilot…
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Mid-tier gold miner IAMGOLD Corp. has entered into a definitive agreement with Zijin Mining to sell its 95% interest in Rosebel Gold Mines N.V. for cash consideration of US$360 million and release of its equipment lease liabilities amounting to $41 million. Rosebel holds a 100% interest in the Rosebel gold mine and a 70% participating interest in the Saramacca mine,…
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South America-focused Wealth Minerals has entered into an nondisclosure agreement with state-owned National Mining Company of Chile (ENAMI). The parties have agreed to study hard data and development vectors of how to best cooperate to create a partnership for the exploration, development and production of lithium in Chile. “We are very happy to work with ENAMI and continue where we…
Read MoreAustralia-based, Ecuador-focused SolGold and Canada-based Cornerstone Capital Resources have entered into a friendly merger transaction, consolidating ownership of the copper-gold Cascabel project in Ecuador. Under the terms of the agreement, SolGold will acquire all of the issued and outstanding shares of Cornerstone, pursuant to a court-approved plan of arrangement. Cornerstone shares will be exchanged for 15 SolGold ordinary shares for…
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Just a bit over six months after pouring first gold, Equinox Gold’s Santa Luz gold mine in Brazil has reached commercial production on 1 October. The Canadian-based miner said the mine’s mill is now operating at approximately 90% of design capacity of 7,400 tonnes per day, with recoveries consistently above 70% and ranging up to 85%. Through 30 September, the…
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Vale said its board of directors has approved the reorganization of its base metals operations in Brazil. The miner will transfer its copper assets in the country to Salobo Metais S.A., a subsidiary of Vale, and its nickel assets to a new company to be formed by Vale. Both copper and nickel assets will continue to be consolidated and wholly…
Read MoreAn executive for BHP has shared that the global miner plans to expand its presence in Peru through exploration of new copper projects, reported Reuters. Rag Udd, who heads the company in the Americas, told an audience at the Perumin mining conference in Arequipa, Peru, that BHP will invest $12 million on exploration in the next 10 months and that…
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Anglo American, following the receipt of final regulatory clearances and after successful testing, has started long-awaited commercial operations at its Quellaveco mine in Peru. Chief executive Duncan Wanblad said the mine, which is expected to produce 300,000 tonnes annually of copper equivalent volume on average over the first decade of life, could add as much as 10% to its global…
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Glencore will soon own 43.75% of the MARA project in the Catamarca province of Argentina after entering an agreement to acquire Newmont’s 18.75% shareholding. Under the terms of the deal, Glencore will pay Newmont $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped…
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