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Nueva Esperanza silver/gold heap-leach project, Chile Restricted

A definitive feasibility study on the project supports the technical viability and financial robustness of the project.
22nd August 2014
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
DIVERSIFIED MINER

BHP profit increases to $13.4bn in 2014

Diversified miner BHP Billiton has reported a 10% increase in profit for the full year ended June, driven by $2.9-billion productivity-led volume and cost efficiencies. The miner, which on Tuesday also announced the demerger of its aluminium,...
19th August 2014
 
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Santo Domingo iron oxide/copper/gold project, Chile Restricted

The feasibility study envisages the development of two openpit mines.
15th August 2014
 
COPPER

Lower metals prices hit profits at Poland's KGHM

Sierra Golda, Chile Polish firm KGHM, Europe's second-biggest copper producer, reported a slightly better-than-expected 8% drop in its second-quarter net profit on Wednesday, as lower global metals prices took their toll. The state-controlled miner booked net...
14th August 2014
 
EXPLORATION

India notes importance of junior miners to drive exploration

India has awoken to the need to allow junior miners to play a greater role in mineral exploration and drive much-needed foreign investments in the sector. The Federation of Indian Mineral Industries (FIMI) has urged the government to frame a...
13th August 2014
 
COPPER

Codelco looks to blend copper concentrate on Chile mine woes - sources

Chile's Codelco plans to blend high-arsenic copper concentrate from its Ministro Hales mine with third-party material for sale in China, two sources said, the world's No 1 copper producer's latest effort to resolve problems with its newest mine....
12th August 2014
 
EXPLORATION

Chile-focused Oro Verder gains foothold in Nicaragua

Minerals explorer Oro Verde has acquired private explorer Goldcap Resources to gain a foothold in Nicaragua. Goldcap is an Australian entity which has established a presence in the Central American country, most specifically its San Isidro...
8th August 2014
 
Mining Services

Oz-based container solutions in global demand

SPECIALISED MINING CONTAINER
Depending on how cranes are used and congestion in the port, a rate of 1 200 t/h is achievable with the pit-to-ship system
Since its introduction to the Australian market in 2012, Australia-based container solutions company Intermodal Solutions Group’s (ISG’s) pit-to-ship materials handling solution has been implemented at various ports worldwide, owing to its...
8th August 2014
 
COPPER

Chile to give Codelco $4 billion in financing

Codelco, the world's biggest copper producer, will receive $4-billion in state financing through 2018 to help pay for an ambitious investment plan, Chile's finance minister said on Friday. The state-run firm will receive around $3-billion via...
1st August 2014
 
BASE METALS

KGHM starts Chile copper mine that would lower company-wide costs

Sierra Gorda, Chile The world’s largest silver and eighth-biggest copper producer KGHM this week started processing ore at its Sierra Gorda copper mine, in the Antofagasta region of Northern Chile. The company on Thursday said it had completed the prestripping...
1st August 2014
 
GOLD

Barrick Gold reports Q2 loss as Saudi impairment charge weighs

The world largest gold producer Barrick Gold on Wednesday reported a second-quarter loss of $269-million, or $0.23 a share, weighed down in the three months ended June 30 by an impairment charge of $514-million related to the long-delayed Jabal...
31st July 2014
 
 
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