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By: Reuters Updated 5 hours ago Shareholders of Peruvian precious metals miner Buenaventura on Monday approved the issuance of $500million in bonds or to seek a loan for the same amount, company's CFO Carlos Galvez told Reuters. Buenaventura, which produced 845 515 oz of gold and 19.7-million ounces of silver last year, has... →
By: Henry Lazenby Updated 5 hours ago Private merchant bank Forbes & Manhattan Inc on Monday congratulated Yamana Gold for achieving the ten-year anniversary of the first gold bar poured from the reactivation of the Jacobina mine, in Bahia State, Brazil. The Jacobina mine was acquired by Williams Resources in 1996, and subsequently... →
By: Henry Lazenby Updated 6 hours ago Project developer Guyana Goldfields (GGI) on Monday said construction of the $249-million Aurora gold project, located in Guyana, South America, were in full gear and progressing on schedule and on budget, with the first gold pour on track for mid-2015. As of December 31, the company had spent... →
By: Henry Lazenby Updated 6 hours ago NYSE-listed Cliffs Natural Resources has entered into a new senior secured asset-based revolving credit facility (ABL facility) and has completed a private offering of $540-million total principal amount of 8.25% senior secured notes due on March 31, 2020, the company announced on Monda.... →
By: Reuters Updated 7 hours ago World No 1 copper producer Chile produced 447 810 t of copper in February, a 1.1% decrease from a year earlier, due to plant maintenance at a key project, the government said on Monday. →
By: Reuters Updated 7 hours ago Teck Resources and Antofagasta denied on Monday that they were in talks about a merger after Bloomberg news reported that the two mining companies were in early stage talks. Teck said in statement it was not in discussions with Antofagasta "in relation to any form of transaction." →
By: Henry Lazenby Updated 7 hours ago Aluminium and lightweight metals producer Alcoa will close its São Luís (Alumar) facility, in Brazil, the company said on Monday. NYSE-listed Alcoa it would curtail the remaining 74 000 metric tons of smelting capacity as part of its plans to evaluate upstream capacity for possible curtailment,... →
By: Henry Lazenby TSX- and JSE-listed miner Buffalo Coal has closed a $4-million loan facility from Resource Capital Fund (RCF), which the company planned to use for its continued restructuring efforts. The company said that despite the restructuring initiatives that had been implemented throughout the group... →