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...

Anglo gaining ground in Codelco battle

With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

Chile Codelco CEO Hernandez to resign, CFO to step in

Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo...

$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Global furnace group boasts numerous projects

Local furnace supplier Tenova Pyromet is undertaking the design and supply of components for two ferrochrome furnaces for use at the Xstrata-Merafe Lion ferrochrome complex, in Limpopo.

Chile Codelco Q1 output falls, 2012 on track

The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10% in the first quarter from a year earlier to 373 000 t, but said it was on target to produce 1.71-million tons this year. Codelco produced 414 000 tons of...

Company Announcement: Leapfrog signs new Software License Agreement with Barric

ARANZ Geo Limited, developer of 3D geological modelling software Leapfrog Mining, announced today that they have signed a new Software License Agreement with the world’s largest gold producer Barrick.

Australia, Latin America should strengthen links – Carr

Australia’s Foreign Affairs Minister Bob Carr has called for a closer business relationship between Australia and Latin America, saying that more could be done to build on the strong foundation that mining had left. Speaking at the Latin...

Anglo, Codelco restart talks to end Chile row

Anglo American and Chilean copper giant Codelco have agreed to go back to the negotiating table in an effort to end a damaging and increasingly acrimonious row over the global miner's copper operations in the country's south. The miners, which...

Latin America key to Xstrata 60% copper growth target

Swiss-listed diversified miner Xstrata said on Tuesday that the expansion of its copper projects in Latin America would be fundamental to achieving its 60% copper-output growth over the next three years. Speaking at the first day of the 2012...

Company Announcement: Thousands of Sydney workers joining mining boom

Thousands of Sydney workers are directly benefiting from the NSW mining industry making it essential that mining in our State is supported by sound government policies

Some Chile Codelco workers protest, output unaffected

Some subcontracted workers of Chilean copper giant Codelco blocked certain roads at the Andina, Chuquicamata, Gaby and Radomiro Tomic mines on Thursday, but the firm said operations were unaffected by the labor action. "There's no impact on...