McEwen's Minera Andes snubs TNR's settlement offer seeking $125m

US Gold and Minera Andes, the precious metals miners that are set to vote on a merger later this month, rejected an offer from TSX-V-listed TNR Gold to settle a dispute over land claims in Argentina in return for a $125-million payment from Minera...

Stillwater calls off notes offering because of bad markets

Platinum and palladium producer Stillwater Mining late on Monday said it was canning a planned debt offering because of dismal market conditions. Chairperson and CEO Francis McAllister said the company had “ample” cash liquidity available to...

Stillwater Mining to buy Peregrine Metals, adding copper

US platinum-group metals miner Stillwater Mining has agreed to buy Canada's Peregrine Metals for $487.1-million, sending shares in the smaller company up 220% by the close in Toronto on Monday. The deal will give Stillwater “immediate scale in...

Troy holds mine opening, announces dividend

TSX- and ASX-listed Troy Resources has officially opened its Casposo gold/silver mine in Argentina and announced on Tuesday it had declared a A$0.04 a share interim dividend. "The declaration of a dividend is a clear signal of the board's...

Minera Andes defers spin-out of Argentina copper project

TSX-listed Minera Andes will defer the planned spin-out of its Los Azules copper project into a new company, the firm said, citing “weaker financial markets, financing uncertainties, and a delayed legal decision”. A court case, brought by...

McEwen's Minera Andes to spin out Argentina copper project

Minera Andes, led by Goldcorp founder and ex-CEO Rob McEwen, will spin out its Los Azules copper project into a new publicly traded company, the firm said on Thursday. The project, in Argentina's San Juan province, has an indicated mineral...

Barrick says business as usual at Argentine ops

Barrick Gold's Veladero mine and Pascua Lama development project have not been affected by the new glacier-protection law passed in Argentina, said spokesperson Andy Lloyd. The company filed a legal action in the province of San Juan earlier this...

Argentina approves glacier protection law

Argentine lawmakers on Thursday approved a law to that seeks to protect mountain glaciers and surrounding areas by restricting and, in some areas, banning mining and industrial activity. The bill was approved by a tight vote of 35 to 33, with one...

Miners gather for Argentina industry event

The eighth International Convention on Exploration, Geology and Mining Business Opportunities: Argentina Mining 2010 got under way in Argentina's San Juan province on Tuesday. The event will continue until next Thursday.

Latin American leaders back mining

Leaders from countries belonging to the Mercosurtrade bloc last week declared a mining key sector for the economic and social development of the region. Argentine president Cristina Fernández de Kirchner, Brazil's Luiz Inácio Lula Da Silva,...

Troy heading towards first production at Casposo project

Perth-based Troy Resources is making good headway at its Casposo project, in Argentina's San Juan province, and expects to meet its own target of first production this quarter. The company has also recently identified a new outcropping vein,...

Glacier protection law debate heats up again in Argentina

Opposition politicians in Argentina plan to seek approval at the next session of Congress - possibly nex week - for their version of a proposed law to protect the nation's glaciers and periglacial regions. The opposition bill was created by...