Sinchao loses mineral resources at Peru copper-gold project

For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...

Yanacocha mine, Peru

An openpit mine situated in Peru.

Peru's left scorns Humala for backing Newmont mine

Foes of the biggest mining investment in Peruvian history accused President Ollanta Humala on Thursday of abandoning his leftist roots to support Newmont's proposed $4.8-billion Conga gold mine. Harsh words from local leaders in the Andean region...

South African mining groups doing well in South America

South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. Neither of these ever existed, of course, but today the continent produces antimony, bauxite, coal, cobalt,...

South African mining groups doing well in South America

South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain.

Daily podcast – December 10, 2008

In today's podcast: Rio Tinto announces plans to cut $10-billion in net debt; and Colombia's Auditor General Edgardo Maya recommendes that the government deny permission for what would be the country's biggest gold project.

Gold Fields mulls South American growth prospects

Gold-miner Gold Fields hopes to produce one-million ounces a year of gold equivalent in South America within the next three to four years, or at least to be well on its way to that target. Its new Cerro Corona mine in Peru, scheduled to start...

Company Announcement: ABB successfully commissions gearless mill drive system at Minera Yanacocha in Peru

Attached please find a press release on: ABB, the leading power and automation technology group, announced today that it has successfully completed commissioning of a 16.5 MW gearless mill drive (GMD) system for a 32 feet SAG (semiautogenous) mill...

Cerro Corona gold delayed for four months, Gold Fields CEO Cockerill announces

South African gold producer Gold Fields CEO Ian Cockerill insists that, despite a four-month delay in the implementation of its Cerro Corono project, in Peru, it is still a robust project.

Mining major not satiated by South Deep

Cash-flush South African gold mining major Gold Fields Limited (GFL) is still on the prowl for greenfield, brownfield and acquisition opportunties, in addition to its recent $1,525-billion ($1,2-billion of it in cash) pounce on the country�s...

Operations suspended at Peru gold-mine

Mining group Minera Yanacocha has begun to scale back mining operations at its mine north of the city of Cajamarca, Peru, it said this week.

Gold Fields to buy Peru project

South African gold giant Gold Fields, through its subsidiary, Gold Fields Corona, has signed a definitive share purchase agreement to acquire 92% of the voting shares of Sociedad Minera La Cima SA from various members of the Gubbins family.