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Argonaut completes merger with Alio
Argonaut Gold and Alio Gold have completed their previously announced business combination to create a diversified precious metals producer with output of over 235,000 gold-equivalent ounces annually. In late March, the companies entered into an agreement for an...
BHP’s Cerro Colorado to scale down operations
Global miner BHP said on Wednesday it would begin to ramp down activity at its small Cerro Colorado copper mine in Chile amid the coronavirus pandemic which has thrown metals markets into disarray. Cerro Colorado produced 71,700 tonnes of copper in 2019, or...
Peru mining activity falls in May for third straight month
Activity in Peru’s mining and hydrocarbons sector plummeted 45.79% in May from a year earlier, the third straight monthly drop, the government said on Wednesday, due to a lockdown to fight the covid-19 pandemic. Peru, the world’s second largest copper producer, began...
GR Engineering wins further Saracen contract work
Saracen Mineral Holdings has contracted GR Engineering Services to complete additional works at the Thunderbox and Carosue Dam gold projects in Western Australia, worth a combined $29 million. The new projects include an engineering, procurement and construction (EPC)...