South America

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

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Peruvian authorities looking into possible tailings dam spill at Southern Copper’s Cuajone mine

The country’s environmental agency OEFA detected a “flow of a greenish solution” into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.

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After takeover rejection, SolGold goes to Cornerstone’s shareholders in bid to grab Ecuador project

SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador.

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At least three Chilean copper mines halted due to heavy rain

Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.

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Hundreds evacuated in Brazil over safety fears at another of Vale’s dams

Measure comes two weeks after another Vale dam burst in Brumadinho town, also in Minas Gerais state, killing at least 157 people, with nearly 200 still missing and feared dead.

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Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil’s second largest mine, behind Vale’s Carajás.

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Barrick, Reunion Gold to jointly go after key assets in South America

Strategic alliance expands Barrick’s exploration footprint in the Guiana Shield, a significantly under-explored region and one of the most prospective in the world for large scale gold discoveries.

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