Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.
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Decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company’s Vargem Grande dam in Minas Gerais state.
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Test at the company’s 100%-owned La India gold project in Nicaragua confirmed 95.4% gold recovery from two samples in laboratory conditions.
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Since early February, the Indigenous community of Nueva Fuerabamba has been blocking a national highway called Corredor Minero del Sur.
The post MMG’s subsidiary in Peru rejects blockade at Las Bambas, asks for dialogue appeared first on MINING.com.
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The Vancouver-based company will make an advance payment of $7.5 million for the right to purchase 22.5% of the silver produced from El Mochito mine.
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Output increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world’s five largest copper operations.
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Newmont’s $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
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Currently there are no established global standards defining what a tailings dam is, how to build one and how to care for it after it is decommissioned.
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It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
The post B2Gold goes ahead with $50 million expansion of Fekola mine appeared first on MINING.com.
B2Gold goes ahead with $50 million expansion of Fekola mine Read More »
The Chilean state-owned miner has signed a deal with Uptake, a provider of artificial intelligence (AI) and Internet of Things software, to to monitor the health of mining equipment and ensure operations run efficiently.
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