Tag: mining
miningMining companies increase investments in Chile in spite of rising costs
Two major mining companies, Barrick Gold and Collahuasi, both plan to dramatically increase investments in their northern Chile gold and copper operations despite rising inflation and increased production costs.
Brazil to Restrict Foreign Mining
Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.
Chile celebrates contact with trapped miners; rescue “will take months”
Thirty-three miners who have been trapped underground in a northern Chile mine for the past 17 days are all alive, President Sebastian Piñera announced Sunday. Rescuers heard hammering noises when they sent a new probe into the mine.
San Jose tragedy: Piñera demands resignation of mining regulatory board
Chilean president Sebastián Piñera called for the resignation of top officials from the national mining regulatory body (the National Geologic and Mining Service of Chile, Sernageomin) as a result of last Thursday’s mine collapse in northern Chile, where 33 miners remain trapped. Sernageomin’s national director, the regional director and the sub-director of were all named in the announcement.
Chilean company and US associate to develop mining project in Minnesota
Jean Paul Luksic, executive president of Chilean company Antofagosta PLC, met this week with authorities and the press at the Minnesota Twins’ Target Field in Minneapolis to present the joint mining project developed with Duluth Metals – a venture now estimated to cost 2 billion US dollars.
Norway Takes Over Aluminium Business and Bauxite Deposits in Brazil
Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.
Forced by pickets Peru suspends 90 days controversial mining project
Protesters in the southern Peruvian province of Islay ended their six-day general strike after the government agreed to temporarily suspend a controversial mining project.
Chile’s nationalized copper company taps private sector CEO
Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.
