Canadian Mining Journal

South America

  • COPPER: Top copper miner’s output slump adds to worry on metal shortfall

    November 12, 2018 by MINING.COM Staff

    A tight copper market may be set to get a lot tighter, if a report this week from the world’s biggest miner of the metal is any indication. Santiago-based Codelco posted the lowest quarterly copper production this year in the

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    GOLD: Lundin Gold completes one third of construction at Fruta del Norte

    November 12, 2018 by The Northern Miner Staff

    ECUADOR – Underground mine development is on schedule and, at planned rates, Lundin Gold expects to reach the orebody at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next

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    GOLD: Kinross on track for 2018 production and costs

    November 8, 2018 by Canadian Mining Journal

    TORONTO – Kinross Gold has released its third quarter results that indicate the company achieved solid production and generated a cash flow. Operations in Nevada, Brazil, Ghana and Russia all performed well, said the company. On the production side, the

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    Guyana Goldfields cuts production guidance at Aurora

    November 7, 2018 by Canadian Mining Journal

    Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine. The company has hired engineering

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    Horizonte completes feasibility on Araguaia nickel project in Brazil

    November 5, 2018 by Canadian Mining Journal

    Araguaia, one of the largest undeveloped ferro-nickel projects in the world, could produce about 52,000 tonnes of ferronickel a year over a mine life of 28 years, Horizonte Minerals says. A feasibility study of the open pit nickel laterite mining project, in

  • SUPPLIERS: STRACON Acquires Canadian Underground Mining Contractor Dumas Holdings

    October 31, 2018 by Canadian Mining Journal

    Toronto – STRACON S.A., a majority owned subsidiary of Ashmore Group, announced that it acquired, through its wholly owned subsidiary STRACON International S.A.C., a 60% controlling interest in Dumas Holdings Inc.. Dumas is a leading, full-service, underground mining contractor, focused

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    GOLD: Newmont’s Merian mine hits 1 million ounce milestone

    October 25, 2018 by Canadian Mining Journal

    SURINAME – Two years after commercial production began in October 2016, Newmont Mining’s Merian mine in Suriname has poured one million ounces of gold. Newmont Suriname – a subsidiary of the Colorado-based company – owns 75% of the mine and Suriname’s

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    EMERALDS: First ever all female mining team launched by Fura Gems

    October 24, 2018 by Canadian Mining Journal

    COLOMBIA – There is a myth among Colombian emerald miners that if a women entered the mine, the green gems would hide. FURA Gems is challenging that idea at its Coscuez emerald mine. Columbian women have traditionally been barred from

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    Amarillo updates prefeasibility at Mara Rosa, aims for 2020 construction

    October 24, 2018 by Canadian Mining Journal

    Amarillo Gold recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in the state of Goias in Brazil. The study raises the project’s after tax net present value (NPV) and after

  • MERGER: Glass Lewis likes Barrick-Randgold combo

    October 23, 2018 by Canadian Mining Journal

    TORONTO – A second independent proxy advisory firm, Glass Lewis, has recommended that shareholders of Barrick Gold and Randgold Resources for the proposed merger of the two companies. The recommendation from Glass Lewis comes in addition to an earlier report

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    PUMPS: GIW introduces safer solution for automated maintenance

    October 22, 2018 by Canadian Mining Journal

    GEORGIA – GIW Industries recently announced the Remotely Adjusted Mechanical Suction Liner (RAMSL) product enhancement for the GIW Minerals MDX Pump. The RAMSL is the next phase of a continuous improvement plan between GIW and Escondida, the largest copper mine

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    GOLD: Chilean court orders Barrick to close Pascua-Lama permanently

    October 15, 2018 by Canadian Mining Journal

    CHILE – Last week the Chilean environmental court ordered Toronto-based Barrick Gold to permanently close its Pascua-Lama gold project that lies within the country. The company was told in January 2018 to close the project and fined US$11.5 million by