Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.
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Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
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The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
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Gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
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It’d be the country’s highest ever fine on a mining company.
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The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.
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Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul Hudbay Minerals’ board and the exit of the current chief executive, Alan Hair, over alleged “mismanagement.”
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CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale’s jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
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The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.
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The 2,721 sq km-Doropo licence remains largely under-explored with numerous targets identified, which presentssignificant resource upside potential, the miner said.
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