Just weeks after receiving approvals for iron recovery and dry stack technology additions at its El Peñón processing facility near La Serena, Chile, Altiplano Metals has received the plant’s magnetic separator and dewatering equipment. The Canadian-based miner said late last week that civil works at the facility, which supports the Farellon iron-oxide-copper-gold mine, have started as four concrete platforms are…
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A load and haul automation system is headed to Codelco’s El Teniente copper mine in Chile’s Andes Mountains thanks to a new order, with selected supplier Sandvik also inking a connected load and haul equipment deal to bolster the fleet. The system order is valued at SEK 250 million (about US$27.4 million), and the hardware deal has an initial value…
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Rio Tinto announced it has paid $825 million to acquire the Rincon lithium project in Argentina from Sentient Equity Partners’ company Rincon Mining.
Read MoreNexa Resources said that production at its Cerro Lindo mine in Peru is temporarily suspended due to the mine’s access road being illegally blocked by a small group of protestors. The miner said that there has been no material impact on Cerro Lindo’s production to date and it does not expect a change to the 2021 production guidance. Activities at…
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As part of a plan to fast-track the movement of its project, UK-based producer Horizonte Minerals said its Araguaia Niquel Metais (ANM) arm is acquiring both new and used ferronickel processing equipment for its Araguaia project in Brazil. The deal with seller Companhia Brasileira de Alumínio (CBA), part of investment group Votorantim SA, was made for US$600,000 cash up front,…
Read MoreCanadian-based Mandalay Resources has completed the sale of its Cerro Bayo gold mine in southern Chile to Equus Mining. The deal was first confirmed in October, and includes mining properties, resources and mine infrastructure as well as a 1,500-tonne-per-day processing plant at the Region XI site. Mandalay received 587,502,438 ordinary shares in the capital of Equus under the deal’s terms,…
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Trevali Mining has completed its divestment of its 100% interest in the Santander zinc-lead-silver operation in Peru to Cerro De Pasco Resources. The deal, first announced 8 November, was made for C$1 million in cash, 10 million common shares of CDP and a 1% net smelter return royalty on some areas of Santander. Trevali said it sold the mine to…
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Canadian-based, Brazil-focused producer Amarillo Gold has confirmed it has signed a plan of agreement to be acquired by Hochschild Mining in a share deal worth US$105.8 million. Under the terms of the transaction, Hochschild will acquire all outstanding shares of Amarillo for cash consideration of $0.31 and one share of a new fellow Brazil-focused exploration company, Lavras Gold. Lavras, which will…
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BHP has confirmed its Escondida and Spence operations in Chile, along with its Olympic Dam asset in Australia, have earned the Copper Mark distinction for their respective responsible copper production practices. The mines, which were awarded following an independent assurance process, were first entered for recognition on 31 October 2020 via letters of commitment from BHP. The Copper Mark was awarded…
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Silver and gold producer Hochschild said it will fight actions taken by the Peruvian government that are “not in accordance with … law” after learning that the country’s head of cabinet would deny extensions and close its Pallancata and Inmaculada silver mines for environmental reasons.
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