Loading
Vale gets preliminary license to expand Serra Leste
Vale has received a preliminary license for the expansion of the Serra Leste iron ore mine, in Pará, Brazil. Located 50 km from Curionópolis and 5 km from Serra Pelada, Serra Leste Mine has an estimated reserve of 307.4 million metric tonnes, with average iron content...
Zijin takes control of Tibet copper miner for $548m
China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet. Best known as a gold miner, Fujian-based Zijin will pay cash for the 50.1% stake in...
Vale reaffirms iron ore output forecast after court decision
Brazilian miner Vale has reaffirmed its iron ore output guidance after a court reinstated an order to suspend activities at the company’s Itabira mining complex in Minas Gerais state, according to a securities filing late on Saturday. Vale said it is keeping its...
Cobre Panamá asks Ministry of Health for permission to resume activities
Minera Panamá, a subsidiary of Canada’s First Quantum Minerals, asked the Panamanian Ministry of Health to allow the company to restart operations as soon as possible. This, after the Ministry placed the Cobre Panamá operation on the last block of its gradual process...