Maxam to supply blasting solutions in Chilean mine
25.12.2019
Lomas Bayas is an opencast copper mine in Chile, operated by Glencore. Maxam, a supplier of blasting solutions for mining and infrastructure, has been selected by the mine to provide its bulk explosive, Rioflex, along with other solutions. With this contract, Maxam continues to expand its operations. It currently has more than 80 industrial facilities,…
Peru ready to mine uranium, government says
24.12.2019
A representative from the Peruvian Ministry of Energy and Mines said this weekend that the country is ready to start mining uranium in the southern Puno region. During a workshop on uranium mining targeted at public service personnel, Martha Vásquez, head of the Mining Management Division at the ministry, said that the country is well-equipped…
Colombia’s artisanal gold miners now part of a traceable global supply chain
15.12.2019
A group of international organizations, led by Switzerland’s Better Gold Initiative (BGI), has extended their responsible mining initiative to hundreds of artisanal gold miners from El Chocó, Colombia, which are now part of a fully traceable and accountable international supply chain. About 500 local gold panners or “barequeros” have benefited from the initiative, with aims…
Chinese firm to buy Colombian gold mine; security risks linger
12.12.2019
China’s Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for 1.3 billion Canadian dollars (US$1bn), but a top executive with the target company said increased security concerns in Colombia pose a risk to the deal. Announced on Monday, the offer by state-backed Zijin for Continental aims to secure Continental…
November a record month for Gran Colombia
11.12.2019
Gran Colombia Gold released November production numbers for its Segovia and Marmato operations in Colombia. Last month, the company produced 21,835 oz. of gold, a new record. This year, the company expects to deliver production in the upper end of its 2019 guidance range of 225,000 oz. to 240,000 oz. All in sustaining costs are…
Was Bolivia’s coup over lithium?
Many believe the recent ousting of Bolivian President Evo Morales is a consequence of his tight controls over the country’s lithium resources. Living in exile in Mexico, former Bolivian president Evo Morales was recently asked in a televised interview about the reasons behind his ousting and the first thing he pointed out was lithium and…
Australia’s Newcrest Mining raises stake in Canada’s Lundin Gold
10.12.2019
Australia’s Newcrest Mining Ltd NCM.AX said on Friday it had raised its stake in Canadian miner Lundin Gold Inc LUG.TO to 32% with an additional C$79.6 million ($59.9 million) investment as it looks to increase its exposure in Ecuador. Newcrest last year paid $250 million for a 27.1% stake in Lundin, which owns a high-potential…
China’s Zijin Mining to buy Canada’s Continental Gold for $1 billion amid security risk
05.12.2019
China’s Zijin Mining Group Co Ltd (601899.SS) (2899.HK) has agreed to buy Canadian miner Continental Gold Inc (CNL.TO) for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin’s offer for Continental, announced on Monday, aims to secure Continental…
Ecuador opens first large-scale gold mine with Canada’s Lundin
03.12.2019
Canadian miner Lundin Gold Inc (LUG.TO) inaugurated its Fruta del Norte gold mine in the Ecuadorean Amazon on Thursday, as market-friendly President Lenin Moreno seeks to attract mining investment to diversify the stagnant oil-dependent economy. The mine, whose proven reserves include some 4.8 million ounces of gold and 6.3 million ounces of silver, is expected…
Exploration resumes at Newmont-funded Colombia project
01.12.2019
Exploration will resume on the Newmont Goldcorp-funded Lyra project, after a force majeure condition relating to security in Colombia has been lifted, TSX-V-listed Outcrop Gold reported on Wednesday. Lyra lies between Continental Gold’s Buritica and Orosur Mining’s Anza projects and Outcrop Gold believes the project captures the ‘Buritica trend’, which is a 30 km extension…
