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Barrick Gold and Xstrata in Gold-Copper Mine Property Sales Case in Chile
The case of property purchase gold and copper mine in Chile by Barrick Gold Corp. will drag Xstrata Plc. Barrick Gold an agreement on January 7 which agreed to promote the new Goldcorp Gold $ 463 million to let him buy a 70 percent stake in the El Morro property from Xstrata Plc. Goldcorp also [...]
Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
New Gold Completes Purchase of El Morro
The El Morro project lies in the centre of a huge legal dispute, but New Gold Inc. went ahead and bought it anyway.
Yesterday, the Vancouverbased miner said it closed a transaction to buy 70% of El Morro, a copper-gold deposit in Chile, from Xstrata PLC for US$463-million. It then transferred that stake to Goldcorp Inc., [...]
Gold Mining Exploration Company Laguna Resource Signed Requirements To Obtain Cachitos Gold Mine Project
Laguna Resources, exploration and development company gold mine, has signed a requirement to obtain a gold mine project Cachitos. Cachitos gold mine located in the southern sector Maricunga World Class Gold Belt, Northern Chile. Chachitos mine is a center of Laguna Resources mining company. The acquisition of a gold mine project is a program Cachitos [...]
Chilean Senator Proposes Government Control of Lithium Deposits
A Chilean senator is urging the country to take control of its lithium deposits as demand surges for the raw material used in electric car batteries.
Senator Ricardo Nunez, a member of the Chilean socialist party and the Senate Mining and Energy Committee,
Chile Copper Export Revenue Falls 18.4 Pct In August
The value of Chile’s copper exports amounted to $2.177 billion in August, down 18.4 percent from $2.669 billion in the same month a year ago, central bank figures showed on on Tuesday.
The value of Chile’s copper exports totaled $2.542 billion in July, the central bank reported last month.
Chile is the world’s top copper producer, mining [...]
UK-Based Copper Mining Group, Antofagasta Acquires Remaining 49 percent Stake In Antomin
Antofagasta PLC has acquired the remaining 49% stake in Antomin Limited, a Chile-based mineral exploration company, from Mineralinvest Establishment for a consideration of $243 million.
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Petrol And Coal Offset Iron Decline In Strong June Result
BHP Billiton has delivered stronger than expected June quarter results, with higher petroleum output, aided by a resurgence of Bass Strait oil production, and coking coal offsetting a fall in iron ore production.
