Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
South America
Chilean miners ask leftist president-elect to foster country’s industry
A leftist millennial who rose to prominence during anti-government protests in 2019 was elected as Chile’s next president on December 19, following a bruising campaign against a free-market and anti-immigrants…
MMG shuts down Las Bambas copper mine as talks fail
Chinese miner MMG (HKG: 1208) is ending copper production from its Las Bambas mine in Peru on December 18 after talks with locals to end a 27-day road blockade, the latest…
Lundin Gold estimates three-year production at 400,000 oz. annually
Lundin Gold (TSX: LUG), 100% owner of the Fruta del Norte mine in Ecuador, estimates that over the next three years the mine will average 400,000 oz. of gold annually….
SolGold reports first resource estimate for Cacharposa deposit in Ecuador
SolGold (TSX: SOLG; LSE: SOLG) has released an initial resource estimate for its Cacharposa porphyry copper-gold deposit, part of the company’s Porvenir project in southern Ecuador, about 100 km south…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
Serabi Gold’s Coringa project in Brazil hit by court ruling
Shares in Serabi Gold (TSX: SBI; LSE: SRB) fell today after a Brazilian judge ruled that no future licenses or titles should be granted to the company until it is proven…
Yamana Gold goes ahead with expansion at Brazil mine
Yamana Gold (TSX: YRI; NYSE; LSE: AUY) is going ahead with a planned phase two expansion of its Jacobina mine in Brazil after authorities granted it a permit to increase…
Sigma Lithium kicks off construction of largest hard rock project in the Americas
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has begun building the production plant foundation and infrastructure for its Grota do Cirilo lithium project in Brazil, the largest hard rock lithium deposit in…
Brazil names Belo Sun Mining’s Volta Grande “strategic” project
Brazil has selected Belo Sun Mining’s (TSX: BSX) proposed Volta Grande gold mine for its investment partnership programme (PPI), which supports projects producing mineral and metals deemed strategic for the country….
JV Article: Solaris Resources expands mineralization at Warintza in Ecuador
Canadian explorer Solaris Resources (TSX: SLS; US-OTC: SLSSF) holds a portfolio of copper and gold projects in the Americas, with properties in Ecuador, Peru, Chile and Mexico. The Vancouver-headquartered junior is focused…
Tailings pond collapse affects world’s highest human settlement
The collapse of a tailings facility in Peru’s Ananea district has destroyed a segment of the main road that connects the area with the neighbouring La Rinconada district, the highest…