BHP, Anglo American touch one-year highs.
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“Mining is the slowest industry to adapt to new technology.”
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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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According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region’s favourable climate conditions.
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The miner reported that Proven and Probable gold Reserves reached 17.9 million ounces at the end of 2018.
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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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Orocobre’s expected production bump in Argentina won’t happen this year.
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MABC has advocated for an adequately resourced system that functions with clarity, consistency and co-ordination.
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